HD vs TNL: Which Is the Better Dividend Stock?
As of Oct 18, 2026, HD and TNL are closely matched. TNL offers the higher yield at 3.72%, HD has the higher dividend-safety score, and TNL looks like the better value (its fair-value estimate is 7% below its share price).
Key facts: HD vs TNL
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Travel + Leisure Co. (TNL) has the higher forward dividend yield at 3.72%, versus 3.01% for The Home Depot, Inc. (HD).
- As of Oct 18, 2026, SmarterDividends grades HD's dividend safety A (85/100) and TNL's B (67/100).
- By SmarterDividends' count as of Oct 18, 2026, HD has raised its dividend for 16 consecutive years and TNL for 4.
- As of Oct 18, 2026, HD pays out 65% of its earnings as dividends and TNL pays out 63%.
- As of Oct 18, 2026, HD's fair-value estimate is 14% below its share price and TNL's fair-value estimate is 7% below its share price, so TNL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HD vs TNL: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hd-vs-tnl
| Metric | HD | TNL |
|---|---|---|
| Forward yield | 3.01% | 3.72% |
| Annual dividend | $9.32 | $2.40 |
| Payout ratio | 65% | 63% |
| Years of growth | 16 yr | 4 yr |
| 5-yr dividend growth | 8.9% | 7.0% |
| 5-yr total return | -23% | 31% |
| Dividend safety score | 85 (A) | 67 (B) |
| Fair value estimate | $266.02 | $60.17 |
| Upside to fair value | -14% | -7% |
| Frequency | quarterly | quarterly |
| Market cap | $308.9B | $4.0B |
| P/E ratio | 21.7 | 17.6 |
Higher yield
TNL
3.72%
Safer dividend
HD
Grade A
Faster growth
HD
8.9%
Better value
TNL
-7% upside
HD vs TNL — FAQ
Is HD or TNL a better dividend stock?
HD and TNL are closely matched. TNL has the higher yield; HD scores better on safety.
Which has a higher dividend yield, HD or TNL?
TNL has the higher forward dividend yield at 3.72%, versus 3.01% for HD.
Is HD or TNL safer?
HD has the higher dividend-safety score (85/100 vs 67/100), reflecting stronger payout coverage and dividend-growth history.
Is HD or TNL better value right now?
As of Oct 18, 2026, TNL looks like the better value: its fair-value estimate is 7% below its share price (fairly valued). 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.