HD vs M: Which Is the Better Dividend Stock?
As of September 2026, HD and M are closely matched. M offers the higher yield at 3.47%, HD has the higher dividend-safety score, and M trades at the larger discount to fair value (+7%).
| Metric | HD | M |
|---|---|---|
| Forward yield | 3.02% | 3.47% |
| Annual dividend | $9.32 | $0.77 |
| Payout ratio | 65% | 27% |
| Years of growth | 16 yr | 4 yr |
| 5-yr dividend growth | 8.9% | -13.6% |
| 5-yr total return | -6% | -2% |
| Dividend safety score | 85 (A) | 63 (C) |
| Fair value estimate | $252.71 | $23.61 |
| Upside to fair value | -18% | +7% |
| Frequency | quarterly | quarterly |
| Market cap | $308.0B | $5.8B |
| P/E ratio | 21.6 | 8.1 |
Higher yield
M
3.47%
Safer dividend
HD
Grade A
Faster growth
HD
8.9%
Better value
M
+7% upside
HD vs M — FAQ
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