HD vs IP: Which Is the Better Dividend Stock?
As of September 2026, HD (The Home Depot, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. IP offers the higher yield at 5.40%, HD has the higher dividend-safety score, and IP trades at the larger discount to fair value (+13%).
| Metric | HD | IP |
|---|---|---|
| Forward yield | 3.05% | 5.40% |
| Annual dividend | $9.32 | $1.85 |
| Payout ratio | 65% | 158% |
| Years of growth | 16 yr | 0 yr |
| 5-yr dividend growth | 8.9% | -1.0% |
| 5-yr total return | -6% | -35% |
| Dividend safety score | 85 (A) | 64 (C) |
| Fair value estimate | $253.54 | $42.19 |
| Upside to fair value | -21% | +13% |
| Frequency | quarterly | quarterly |
| Market cap | $308.0B | $18.2B |
| P/E ratio | 21.4 | — |
Higher yield
IP
5.40%
Safer dividend
HD
Grade A
Faster growth
HD
8.9%
Better value
IP
+13% upside
HD vs IP — FAQ
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