KO vs PG: Which Is the Better Dividend Stock?
As of Oct 23, 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. PG offers the higher yield at 2.78%, KO has the higher dividend-safety score, and PG looks like the better value (its fair-value estimate is 27% below its share price).
Key facts: KO vs PG
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, The Procter & Gamble Company (PG) has the higher forward dividend yield at 2.78%, versus 2.22% for The Coca-Cola Company (KO).
- As of Oct 23, 2026, SmarterDividends grades KO's dividend safety A (92/100) and PG's A (92/100).
- By SmarterDividends' count as of Oct 23, 2026, KO has raised its dividend for 55 consecutive years and PG for 42.
- As of Oct 23, 2026, KO pays out 62% of its earnings as dividends and PG pays out 64%.
- As of Oct 23, 2026, KO's fair-value estimate is 51% below its share price and PG's fair-value estimate is 27% below its share price, so PG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "KO vs PG: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/ko-vs-pg
| Metric | KO | PG |
|---|---|---|
| Forward yield | 2.22% | 2.78% |
| Annual dividend | $2.12 | $4.35 |
| Payout ratio | 62% | 64% |
| Years of growth | 55 yr | 42 yr |
| 5-yr dividend growth | 4.5% | 6.0% |
| 5-yr total return | 77% | 11% |
| Dividend safety score | 92 (A) | 92 (A) |
| Fair value estimate | $47.18 | $120.24 |
| Upside to fair value | -51% | -27% |
| Frequency | quarterly | quarterly |
| Market cap | $410.2B | $384.9B |
| P/E ratio | 28.6 | 24.9 |
Higher yield
PG
2.78%
Safer dividend
KO
Grade A
Faster growth
PG
6.0%
Better value
PG
-27% upside
KO vs PG — FAQ
Is KO or PG a better dividend stock?
On the data, PG wins more head-to-head categories (4 vs 3). PG offers the higher yield (2.78%), while KO has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, KO or PG?
PG has the higher forward dividend yield at 2.78%, versus 2.22% for KO.
Is KO or PG safer?
KO has the higher dividend-safety score (92/100 vs 92/100), reflecting stronger payout coverage and dividend-growth history.
Is KO or PG better value right now?
As of Oct 23, 2026, PG looks like the better value: its fair-value estimate is 27% below its share price (overvalued). For KO, its fair-value estimate is 51% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.