BAC vs HMN: Which Is the Better Dividend Stock?
As of Oct 18, 2026, HMN (Horace Mann Educators Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HMN offers the higher yield at 3.11%, HMN has the higher dividend-safety score, and BAC looks like the better value (its fair-value estimate is 24% above its share price).
Key facts: BAC vs HMN
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Horace Mann Educators Corporation (HMN) has the higher forward dividend yield at 3.11%, versus 2.50% for Bank of America Corporation (BAC).
- As of Oct 18, 2026, SmarterDividends grades BAC's dividend safety A (87/100) and HMN's A (90/100).
- By SmarterDividends' count as of Oct 18, 2026, BAC has raised its dividend for 12 consecutive years and HMN for 16.
- As of Oct 18, 2026, BAC pays out 26% of its earnings as dividends and HMN pays out 33%.
- As of Oct 18, 2026, BAC's fair-value estimate is 24% above its share price and HMN's fair-value estimate is 6% below its share price, so BAC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs HMN: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/bac-vs-hmn
| Metric | BAC | HMN |
|---|---|---|
| Forward yield | 2.50% | 3.11% |
| Annual dividend | $1.28 | $1.44 |
| Payout ratio | 26% | 33% |
| Years of growth | 12 yr | 16 yr |
| 5-yr dividend growth | 8.4% | 3.1% |
| 5-yr total return | 15% | 25% |
| Dividend safety score | 87 (A) | 90 (A) |
| Fair value estimate | $63.43 | $43.45 |
| Upside to fair value | +24% | -6% |
| Frequency | quarterly | quarterly |
| Market cap | $358.2B | $1.9B |
| P/E ratio | 12.2 | 10.8 |
Higher yield
HMN
3.11%
Safer dividend
HMN
Grade A
Faster growth
BAC
8.4%
Better value
BAC
+24% upside
BAC vs HMN — FAQ
Is BAC or HMN a better dividend stock?
On the data, HMN wins more head-to-head categories (5 vs 3). HMN offers the higher yield (3.11%), while HMN has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, BAC or HMN?
HMN has the higher forward dividend yield at 3.11%, versus 2.50% for BAC.
Is BAC or HMN safer?
HMN has the higher dividend-safety score (90/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or HMN better value right now?
As of Oct 18, 2026, BAC looks like the better value: its fair-value estimate is 24% above its share price (undervalued). For HMN, its fair-value estimate is 6% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.