SmarterDividends

HD vs MNRO: 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. MNRO offers the higher yield at 8.91%, HD has the higher dividend-safety score, and MNRO trades at the larger discount to fair value (-12%).

MetricHDMNRO
Forward yield3.05%8.91%
Annual dividend$9.32$1.12
Payout ratio65%487%
Years of growth16 yr0 yr
5-yr dividend growth8.9%4.9%
5-yr total return-6%-78%
Dividend safety score85 (A)74 (B)
Fair value estimate$253.54$11.66
Upside to fair value-21%-12%
Frequencyquarterlyquarterly
Market cap$308.0B$399.9M
P/E ratio21.455.6

Higher yield

MNRO

8.91%

Safer dividend

HD

Grade A

Faster growth

HD

8.9%

Better value

MNRO

-12% upside

HD vs MNRO — FAQ

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