GOOGL vs MLPR: Which Is the Better Dividend Stock?
As of Oct 30, 2026, MLPR (ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN) screens as the stronger dividend stock, winning 6 of 6 head-to-head metrics. MLPR offers the higher yield at 9.51%, MLPR has the higher dividend-safety score, and MLPR looks like the better value (its fair-value estimate is 56% above its share price).
Key facts: GOOGL vs MLPR
Data as of · Source: SmarterDividends data
- As of Oct 30, 2026, ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) has the higher forward dividend yield at 9.51%, versus 0.27% for Alphabet Inc. (GOOGL).
- As of Oct 30, 2026, SmarterDividends grades GOOGL's dividend safety B (71/100) and MLPR's A (81/100).
- By SmarterDividends' count as of Oct 30, 2026, GOOGL has raised its dividend for 1 consecutive years and MLPR for 5.
- As of Oct 30, 2026, GOOGL's fair-value estimate is 31% above its share price and MLPR's fair-value estimate is 56% above its share price, so MLPR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "GOOGL vs MLPR: Dividend Yield, Safety & Value Compared," updated Oct 30, 2026, https://smarterdividends.com/compare/googl-vs-mlpr
| Metric | GOOGL | MLPR |
|---|---|---|
| Forward yield | 0.27% | 9.51% |
| Annual dividend | $0.88 | $6.81 |
| Payout ratio | 4% | — |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | — | 27.2% |
| 5-yr total return | 97% | 139% |
| Dividend safety score | 71 (B) | 81 (A) |
| Fair value estimate | $371.32 | $111.71 |
| Upside to fair value | +31% | +56% |
| Frequency | quarterly | quarterly |
| Market cap | $3.5T | — |
| P/E ratio | 14.8 | — |
Higher yield
MLPR
9.51%
Safer dividend
MLPR
Grade A
Faster growth
MLPR
27.2%
Better value
MLPR
+56% upside
GOOGL vs MLPR — FAQ
Is GOOGL or MLPR a better dividend stock?
On the data, MLPR wins more head-to-head categories (6 vs 0). MLPR offers the higher yield (9.51%), while MLPR has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, GOOGL or MLPR?
MLPR has the higher forward dividend yield at 9.51%, versus 0.27% for GOOGL.
Is GOOGL or MLPR safer?
MLPR has the higher dividend-safety score (81/100 vs 71/100), reflecting stronger payout coverage and dividend-growth history.
Is GOOGL or MLPR better value right now?
As of Oct 30, 2026, MLPR looks like the better value: its fair-value estimate is 56% above its share price (undervalued). For GOOGL, its fair-value estimate is 31% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.