HSY vs PG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, HSY and PG are closely matched. HSY offers the higher yield at 3.33%, PG has the higher dividend-safety score, and HSY looks like the better value (its fair-value estimate is 16% above its share price).
Key facts: HSY vs PG
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, The Hershey Company (HSY) has the higher forward dividend yield at 3.33%, versus 2.60% for The Procter & Gamble Company (PG).
- As of Nov 5, 2026, SmarterDividends grades HSY's dividend safety A (89/100) and PG's A (92/100).
- By SmarterDividends' count as of Nov 5, 2026, HSY has raised its dividend for 0 consecutive years and PG for 42.
- As of Nov 5, 2026, HSY pays out 65% of its earnings as dividends and PG pays out 65%.
- As of Nov 5, 2026, HSY's fair-value estimate is 16% above its share price and PG's fair-value estimate is 26% below its share price, so HSY looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSY vs PG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hsy-vs-pg
| Metric | HSY | PG |
|---|---|---|
| Forward yield | 3.33% | 2.60% |
| Annual dividend | $5.81 | $4.35 |
| Payout ratio | 65% | 65% |
| Years of growth | 0 yr | 42 yr |
| 5-yr dividend growth | 11.7% | 6.0% |
| 5-yr total return | -7% | 12% |
| Dividend safety score | 89 (A) | 92 (A) |
| Fair value estimate | $202.35 | $124.28 |
| Upside to fair value | +16% | -26% |
| Frequency | quarterly | quarterly |
| Market cap | $35.2B | $388.6B |
| P/E ratio | 19.8 | 25.3 |
Higher yield
HSY
3.33%
Safer dividend
PG
Grade A
Faster growth
HSY
11.7%
Better value
HSY
+16% upside
HSY vs PG — FAQ
Is HSY or PG a better dividend stock?
HSY and PG are closely matched. HSY has the higher yield; PG scores better on safety.
Which has a higher dividend yield, HSY or PG?
HSY has the higher forward dividend yield at 3.33%, versus 2.60% for PG.
Is HSY or PG safer?
PG has the higher dividend-safety score (92/100 vs 89/100), reflecting stronger payout coverage and dividend-growth history.
Is HSY or PG better value right now?
As of Nov 5, 2026, HSY looks like the better value: its fair-value estimate is 16% above its share price (undervalued). For PG, its fair-value estimate is 26% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.