SmarterDividends

HDV vs TLT: Which Is the Better Dividend Stock?

As of September 2026, TLT (iShares 20+ Year Treasury Bond ETF) screens as the stronger dividend stock, winning 4 of 4 head-to-head metrics. TLT offers the higher yield at 4.87%, HDV has the higher dividend-safety score.

MetricHDVTLT
Forward yield3.00%4.87%
Annual dividend$0.85$2.15
Payout ratio——
Years of growth0 yr4 yr
5-yr dividend growth1.9%10.3%
5-yr total return46%—
Dividend safety score62 (C)—
Fair value estimate$11.92—
Upside to fair value-59%—
Frequencymonthlymonthly
Market cap——
P/E ratio21.3—

Higher yield

TLT

4.87%

Safer dividend

HDV

Grade C

Faster growth

TLT

10.3%

HDV vs TLT — FAQ

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