SmarterDividends

HDV vs TLTW: Which Is the Better Dividend Stock?

As of September 2026, TLTW (iShares 20+ Year Treasury Bond Buywrite Strategy ETF) screens as the stronger dividend stock, winning 3 of 3 head-to-head metrics. TLTW offers the higher yield at 10.80%, HDV has the higher dividend-safety score.

MetricHDVTLTW
Forward yield3.00%10.80%
Annual dividend$0.85$2.24
Payout ratio——
Years of growth0 yr1 yr
5-yr dividend growth1.9%—
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

TLTW

10.80%

Safer dividend

HDV

Grade C

Faster growth

HDV

1.9%

HDV vs TLTW — FAQ

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