CL vs PG: Which Is the Better Dividend Stock?
As of Oct 17, 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PG offers the higher yield at 2.73%, PG has the higher dividend-safety score, and CL looks like the better value (its fair-value estimate is 22% below its share price).
Key facts: CL vs PG
Data as of · Source: SmarterDividends data
- As of Oct 17, 2026, The Procter & Gamble Company (PG) has the higher forward dividend yield at 2.73%, versus 2.25% for Colgate-Palmolive Company (CL).
- As of Oct 17, 2026, SmarterDividends grades CL's dividend safety A (88/100) and PG's A (90/100).
- By SmarterDividends' count as of Oct 17, 2026, CL has raised its dividend for 52 consecutive years and PG for 42.
- As of Oct 17, 2026, CL pays out 82% of its earnings as dividends and PG pays out 64%.
- As of Oct 17, 2026, CL's fair-value estimate is 22% below its share price and PG's fair-value estimate is 25% below its share price, so CL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CL vs PG: Dividend Yield, Safety & Value Compared," updated Oct 17, 2026, https://smarterdividends.com/compare/cl-vs-pg
| Metric | CL | PG |
|---|---|---|
| Forward yield | 2.25% | 2.73% |
| Annual dividend | $2.12 | $4.35 |
| Payout ratio | 82% | 64% |
| Years of growth | 52 yr | 42 yr |
| 5-yr dividend growth | 3.3% | 6.0% |
| 5-yr total return | 25% | 10% |
| Dividend safety score | 88 (A) | 90 (A) |
| Fair value estimate | $73.33 | $120.24 |
| Upside to fair value | -22% | -25% |
| Frequency | quarterly | quarterly |
| Market cap | $75.0B | $370.4B |
| P/E ratio | 37.1 | 24.1 |
Higher yield
PG
2.73%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
CL
-22% upside
CL vs PG — FAQ
Is CL or PG a better dividend stock?
On the data, PG wins more head-to-head categories (5 vs 3). PG offers the higher yield (2.73%), while PG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CL or PG?
PG has the higher forward dividend yield at 2.73%, versus 2.25% for CL.
Is CL or PG safer?
PG has the higher dividend-safety score (90/100 vs 88/100), reflecting stronger payout coverage and dividend-growth history.
Is CL or PG better value right now?
As of Oct 17, 2026, CL looks like the better value: its fair-value estimate is 22% below its share price (overvalued). For PG, its fair-value estimate is 25% below its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.