BHP vs WPM: Which Is the Better Dividend Stock?
As of September 2026, WPM (Wheaton Precious Metals Corp.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. BHP offers the higher yield at 4.59%, WPM has the higher dividend-safety score, and BHP trades at the larger discount to fair value (-18%).
| Metric | BHP | WPM |
|---|---|---|
| Forward yield | 4.59% | 0.52% |
| Annual dividend | $3.96 | $0.78 |
| Payout ratio | 69% | 16% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -1.4% | 9.5% |
| 5-yr total return | 76% | 274% |
| Dividend safety score | 56 (C) | 67 (B) |
| Fair value estimate | $70.88 | $108.18 |
| Upside to fair value | -18% | -28% |
| Frequency | semiannual | quarterly |
| Market cap | $219.3B | $68.6B |
| P/E ratio | 22.3 | 33.4 |
Higher yield
BHP
4.59%
Safer dividend
WPM
Grade B
Faster growth
WPM
9.5%
Better value
BHP
-18% upside
BHP vs WPM — FAQ
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