DGICA vs MA: Which Is the Better Dividend Stock?
As of Oct 18, 2026, MA (Mastercard Incorporated) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. DGICA offers the higher yield at 4.12%, DGICA has the higher dividend-safety score, and MA looks like the better value (its fair-value estimate is 23% below its share price).
Key facts: DGICA vs MA
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Donegal Group Inc. (DGICA) has the higher forward dividend yield at 4.12%, versus 0.56% for Mastercard Incorporated (MA).
- As of Oct 18, 2026, SmarterDividends grades DGICA's dividend safety A (96/100) and MA's A (89/100).
- By SmarterDividends' count as of Oct 18, 2026, DGICA has raised its dividend for 22 consecutive years and MA for 14.
- As of Oct 18, 2026, DGICA pays out 39% of its earnings as dividends and MA pays out 18%.
- As of Oct 18, 2026, DGICA's fair-value estimate is 34% below its share price and MA's fair-value estimate is 23% below its share price, so MA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DGICA vs MA: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/dgica-vs-ma
| Metric | DGICA | MA |
|---|---|---|
| Forward yield | 4.12% | 0.56% |
| Annual dividend | $0.77 | $3.48 |
| Payout ratio | 39% | 18% |
| Years of growth | 22 yr | 14 yr |
| 5-yr dividend growth | 3.9% | 13.7% |
| 5-yr total return | 37% | 96% |
| Dividend safety score | 96 (A) | 89 (A) |
| Fair value estimate | $12.30 | $474.95 |
| Upside to fair value | -34% | -23% |
| Frequency | quarterly | quarterly |
| Market cap | $692.1M | $540.9B |
| P/E ratio | 9.7 | 34.0 |
Higher yield
DGICA
4.12%
Safer dividend
DGICA
Grade A
Faster growth
MA
13.7%
Better value
MA
-23% upside
DGICA vs MA — FAQ
Is DGICA or MA a better dividend stock?
On the data, MA wins more head-to-head categories (5 vs 3). DGICA offers the higher yield (4.12%), while DGICA has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, DGICA or MA?
DGICA has the higher forward dividend yield at 4.12%, versus 0.56% for MA.
Is DGICA or MA safer?
DGICA has the higher dividend-safety score (96/100 vs 89/100), reflecting stronger payout coverage and dividend-growth history.
Is DGICA or MA better value right now?
As of Oct 18, 2026, MA looks like the better value: its fair-value estimate is 23% below its share price (overvalued). For DGICA, its fair-value estimate is 34% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.