BHP vs MLM: Which Is the Better Dividend Stock?
As of September 2026, BHP and MLM are closely matched. BHP offers the higher yield at 4.59%, MLM has the higher dividend-safety score, and BHP trades at the larger discount to fair value (-18%).
| Metric | BHP | MLM |
|---|---|---|
| Forward yield | 4.59% | 0.68% |
| Annual dividend | $3.96 | $3.36 |
| Payout ratio | 69% | 22% |
| Years of growth | 0 yr | 10 yr |
| 5-yr dividend growth | -1.4% | 7.7% |
| 5-yr total return | 76% | 25% |
| Dividend safety score | 56 (C) | 97 (A) |
| Fair value estimate | $70.88 | $321.54 |
| Upside to fair value | -18% | -34% |
| Frequency | semiannual | quarterly |
| Market cap | $219.3B | $34.8B |
| P/E ratio | 22.3 | 31.9 |
Higher yield
BHP
4.59%
Safer dividend
MLM
Grade A
Faster growth
MLM
7.7%
Better value
BHP
-18% upside
BHP vs MLM — FAQ
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