BHP vs MLM: Which Is the Better Dividend Stock?
As of Nov 5, 2026, BHP and MLM are closely matched. BHP offers the higher yield at 4.94%, MLM has the higher dividend-safety score, and BHP looks like the better value (its fair-value estimate is 12% below its share price).
Key facts: BHP vs MLM
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, BHP Group Limited (BHP) has the higher forward dividend yield at 4.94%, versus 0.60% for Martin Marietta Materials, Inc. (MLM).
- As of Nov 5, 2026, SmarterDividends grades BHP's dividend safety C (56/100) and MLM's A (97/100).
- By SmarterDividends' count as of Nov 5, 2026, BHP has raised its dividend for 0 consecutive years and MLM for 10.
- As of Nov 5, 2026, BHP pays out 69% of its earnings as dividends and MLM pays out 25%.
- As of Nov 5, 2026, BHP's fair-value estimate is 12% below its share price and MLM's fair-value estimate is 50% below its share price, so BHP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BHP vs MLM: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/bhp-vs-mlm
| Metric | BHP | MLM |
|---|---|---|
| Forward yield | 4.94% | 0.60% |
| Annual dividend | $3.96 | $3.36 |
| Payout ratio | 69% | 25% |
| Years of growth | 0 yr | 10 yr |
| 5-yr dividend growth | -1.4% | 7.7% |
| 5-yr total return | 58% | 34% |
| Dividend safety score | 56 (C) | 97 (A) |
| Fair value estimate | $69.99 | $264.76 |
| Upside to fair value | -12% | -50% |
| Frequency | semiannual | quarterly |
| Market cap | $202.7B | $37.7B |
| P/E ratio | 20.7 | 39.6 |
Higher yield
BHP
4.94%
Safer dividend
MLM
Grade A
Faster growth
MLM
7.7%
Better value
BHP
-12% upside
BHP vs MLM — FAQ
Is BHP or MLM a better dividend stock?
BHP and MLM are closely matched. BHP has the higher yield; MLM scores better on safety.
Which has a higher dividend yield, BHP or MLM?
BHP has the higher forward dividend yield at 4.94%, versus 0.60% for MLM.
Is BHP or MLM safer?
MLM has the higher dividend-safety score (97/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is BHP or MLM better value right now?
As of Nov 5, 2026, BHP looks like the better value: its fair-value estimate is 12% below its share price (fairly valued). For MLM, its fair-value estimate is 50% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.