KO vs MKC: Which Is the Better Dividend Stock?
As of Oct 27, 2026, KO and MKC are closely matched. MKC offers the higher yield at 4.00%, KO has the higher dividend-safety score, and MKC looks like the better value (its fair-value estimate is 63% above its share price).
Key facts: KO vs MKC
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, McCormick & Company, Incorporated (MKC) has the higher forward dividend yield at 4.00%, versus 2.29% for The Coca-Cola Company (KO).
- As of Oct 27, 2026, SmarterDividends grades KO's dividend safety A (92/100) and MKC's A (90/100).
- By SmarterDividends' count as of Oct 27, 2026, KO has raised its dividend for 55 consecutive years and MKC for 31.
- As of Oct 27, 2026, KO pays out 62% of its earnings as dividends and MKC pays out 34%.
- As of Oct 27, 2026, KO's fair-value estimate is 49% below its share price and MKC's fair-value estimate is 63% above its share price, so MKC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "KO vs MKC: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/ko-vs-mkc
| Metric | KO | MKC |
|---|---|---|
| Forward yield | 2.29% | 4.00% |
| Annual dividend | $2.12 | $1.92 |
| Payout ratio | 62% | 34% |
| Years of growth | 55 yr | 31 yr |
| 5-yr dividend growth | 4.5% | 7.6% |
| 5-yr total return | 77% | -44% |
| Dividend safety score | 92 (A) | 90 (A) |
| Fair value estimate | $47.17 | $78.04 |
| Upside to fair value | -49% | +63% |
| Frequency | quarterly | quarterly |
| Market cap | $398.8B | $12.9B |
| P/E ratio | 27.8 | 8.7 |
Higher yield
MKC
4.00%
Safer dividend
KO
Grade A
Faster growth
MKC
7.6%
Better value
MKC
+63% upside
KO vs MKC — FAQ
Is KO or MKC a better dividend stock?
KO and MKC are closely matched. MKC has the higher yield; KO scores better on safety.
Which has a higher dividend yield, KO or MKC?
MKC has the higher forward dividend yield at 4.00%, versus 2.29% for KO.
Is KO or MKC safer?
KO has the higher dividend-safety score (92/100 vs 90/100), reflecting stronger payout coverage and dividend-growth history.
Is KO or MKC better value right now?
As of Oct 27, 2026, MKC looks like the better value: its fair-value estimate is 63% above its share price (undervalued). For KO, its fair-value estimate is 49% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.