FMAO vs MA: Which Is the Better Dividend Stock?
As of Oct 15, 2026, FMAO and MA are closely matched. FMAO offers the higher yield at 2.75%, FMAO has the higher dividend-safety score, and FMAO looks like the better value (its fair-value estimate is 40% above its share price).
Key facts: FMAO vs MA
Data as of · Source: SmarterDividends data
- As of Oct 15, 2026, Farmers & Merchants Bancorp, Inc. (FMAO) has the higher forward dividend yield at 2.75%, versus 0.58% for Mastercard Incorporated (MA).
- As of Oct 15, 2026, SmarterDividends grades FMAO's dividend safety A (95/100) and MA's A (88/100).
- By SmarterDividends' count as of Oct 15, 2026, FMAO has raised its dividend for 19 consecutive years and MA for 14.
- As of Oct 15, 2026, FMAO pays out 24% of its earnings as dividends and MA pays out 18%.
- As of Oct 15, 2026, FMAO's fair-value estimate is 40% above its share price and MA's fair-value estimate is 21% below its share price, so FMAO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "FMAO vs MA: Dividend Yield, Safety & Value Compared," updated Oct 15, 2026, https://smarterdividends.com/compare/fmao-vs-ma
| Metric | FMAO | MA |
|---|---|---|
| Forward yield | 2.75% | 0.58% |
| Annual dividend | $0.92 | $3.37 |
| Payout ratio | 24% | 18% |
| Years of growth | 19 yr | 14 yr |
| 5-yr dividend growth | 6.4% | 13.7% |
| 5-yr total return | 36% | 76% |
| Dividend safety score | 95 (A) | 88 (A) |
| Fair value estimate | $48.70 | $474.95 |
| Upside to fair value | +40% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $477.8M | $528.4B |
| P/E ratio | 11.9 | 33.2 |
Higher yield
FMAO
2.75%
Safer dividend
FMAO
Grade A
Faster growth
MA
13.7%
Better value
FMAO
+40% upside
FMAO vs MA — FAQ
Is FMAO or MA a better dividend stock?
FMAO and MA are closely matched. FMAO has the higher yield; FMAO scores better on safety.
Which has a higher dividend yield, FMAO or MA?
FMAO has the higher forward dividend yield at 2.75%, versus 0.58% for MA.
Is FMAO or MA safer?
FMAO has the higher dividend-safety score (95/100 vs 88/100), reflecting stronger payout coverage and dividend-growth history.
Is FMAO or MA better value right now?
As of Oct 15, 2026, FMAO looks like the better value: its fair-value estimate is 40% above its share price (undervalued). For MA, its fair-value estimate is 21% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.