HD vs SMP: Which Is the Better Dividend Stock?
As of Oct 18, 2026, HD (The Home Depot, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SMP offers the higher yield at 3.57%, HD has the higher dividend-safety score, and SMP looks like the better value (its fair-value estimate is 53% above its share price).
Key facts: HD vs SMP
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Standard Motor Products, Inc. (SMP) has the higher forward dividend yield at 3.57%, versus 3.01% for The Home Depot, Inc. (HD).
- As of Oct 18, 2026, SmarterDividends grades HD's dividend safety A (85/100) and SMP's B (77/100).
- By SmarterDividends' count as of Oct 18, 2026, HD has raised its dividend for 16 consecutive years and SMP for 1.
- As of Oct 18, 2026, HD pays out 65% of its earnings as dividends and SMP pays out 33%.
- As of Oct 18, 2026, HD's fair-value estimate is 14% below its share price and SMP's fair-value estimate is 53% above its share price, so SMP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HD vs SMP: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hd-vs-smp
| Metric | HD | SMP |
|---|---|---|
| Forward yield | 3.01% | 3.57% |
| Annual dividend | $9.32 | $1.32 |
| Payout ratio | 65% | 33% |
| Years of growth | 16 yr | 1 yr |
| 5-yr dividend growth | 8.9% | 4.4% |
| 5-yr total return | -23% | -26% |
| Dividend safety score | 85 (A) | 77 (B) |
| Fair value estimate | $266.02 | $56.48 |
| Upside to fair value | -14% | +53% |
| Frequency | quarterly | quarterly |
| Market cap | $308.9B | $822.6M |
| P/E ratio | 21.7 | 9.4 |
Higher yield
SMP
3.57%
Safer dividend
HD
Grade A
Faster growth
HD
8.9%
Better value
SMP
+53% upside
HD vs SMP — FAQ
Is HD or SMP a better dividend stock?
On the data, HD wins more head-to-head categories (5 vs 3). SMP offers the higher yield (3.57%), while HD has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HD or SMP?
SMP has the higher forward dividend yield at 3.57%, versus 3.01% for HD.
Is HD or SMP safer?
HD has the higher dividend-safety score (85/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is HD or SMP better value right now?
As of Oct 18, 2026, SMP looks like the better value: its fair-value estimate is 53% above its share price (undervalued). For HD, its fair-value estimate is 14% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.