SmarterDividends

DGRO vs SDY: Which Is the Better Dividend Stock?

As of September 2026, SDY (State Street SPDR S&P Dividend ETF) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SDY offers the higher yield at 2.52%, SDY has the higher dividend-safety score, and SDY trades at the larger discount to fair value (-57%).

MetricDGROSDY
Forward yield1.94%2.52%
Annual dividend$1.49$3.78
Payout ratio
Years of growth11 yr3 yr
5-yr dividend growth7.1%3.8%
5-yr total return45%22%
Dividend safety score59 (C)66 (B)
Fair value estimate$26.50$64.31
Upside to fair value-66%-57%
Frequencyquarterlyquarterly
Market cap
P/E ratio22.019.1

Higher yield

SDY

2.52%

Safer dividend

SDY

Grade B

Faster growth

DGRO

7.1%

Better value

SDY

-57% upside

DGRO vs SDY — FAQ

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