INDB vs MA: Which Is the Better Dividend Stock?
As of Oct 18, 2026, INDB and MA are closely matched. INDB offers the higher yield at 3.20%, INDB has the higher dividend-safety score, and INDB looks like the better value (its fair-value estimate is 48% above its share price).
Key facts: INDB vs MA
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Independent Bank Corp. (INDB) has the higher forward dividend yield at 3.20%, versus 0.56% for Mastercard Incorporated (MA).
- As of Oct 18, 2026, SmarterDividends grades INDB's dividend safety A (97/100) and MA's A (89/100).
- By SmarterDividends' count as of Oct 18, 2026, INDB has raised its dividend for 15 consecutive years and MA for 14.
- As of Oct 18, 2026, INDB pays out 44% of its earnings as dividends and MA pays out 18%.
- As of Oct 18, 2026, INDB's fair-value estimate is 48% above its share price and MA's fair-value estimate is 23% below its share price, so INDB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "INDB vs MA: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/indb-vs-ma
| Metric | INDB | MA |
|---|---|---|
| Forward yield | 3.20% | 0.56% |
| Annual dividend | $2.56 | $3.48 |
| Payout ratio | 44% | 18% |
| Years of growth | 15 yr | 14 yr |
| 5-yr dividend growth | 5.1% | 13.7% |
| 5-yr total return | 1% | 96% |
| Dividend safety score | 97 (A) | 89 (A) |
| Fair value estimate | $118.51 | $474.95 |
| Upside to fair value | +48% | -23% |
| Frequency | quarterly | quarterly |
| Market cap | $3.8B | $540.9B |
| P/E ratio | 11.8 | 34.0 |
Higher yield
INDB
3.20%
Safer dividend
INDB
Grade A
Faster growth
MA
13.7%
Better value
INDB
+48% upside
INDB vs MA — FAQ
Is INDB or MA a better dividend stock?
INDB and MA are closely matched. INDB has the higher yield; INDB scores better on safety.
Which has a higher dividend yield, INDB or MA?
INDB has the higher forward dividend yield at 3.20%, versus 0.56% for MA.
Is INDB or MA safer?
INDB has the higher dividend-safety score (97/100 vs 89/100), reflecting stronger payout coverage and dividend-growth history.
Is INDB or MA better value right now?
As of Oct 18, 2026, INDB looks like the better value: its fair-value estimate is 48% above its share price (undervalued). For MA, its fair-value estimate is 23% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.