BUD vs PEP: Which Is the Better Dividend Stock?
As of July 2026, BUD and PEP are closely matched. PEP offers the higher yield at 4.33%, PEP has the higher dividend-safety score, and BUD trades at the larger discount to fair value (+3%).
| Metric | BUD | PEP |
|---|---|---|
| Forward yield | 1.65% | 4.33% |
| Annual dividend | $1.35 | $5.92 |
| Payout ratio | 36% | 75% |
| Years of growth | 3 yr | 53 yr |
| 5-yr dividend growth | 15.4% | 6.9% |
| 5-yr total return | 33% | -13% |
| Dividend safety score | 63 (C) | 81 (A) |
| Fair value estimate | $84.17 | $131.96 |
| Upside to fair value | +3% | -3% |
| Frequency | annual | quarterly |
| Market cap | $157.7B | $186.7B |
| P/E ratio | 22.6 | 17.9 |
Higher yield
PEP
4.33%
Safer dividend
PEP
Grade A
Faster growth
BUD
15.4%
Better value
BUD
+3% upside
BUD vs PEP — FAQ
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