KO vs SPB: Which Is the Better Dividend Stock?
As of Oct 18, 2026, KO (The Coca-Cola Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SPB offers the higher yield at 2.38%, KO has the higher dividend-safety score, and SPB looks like the better value (its fair-value estimate is 60% above its share price).
Key facts: KO vs SPB
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Spectrum Brands Holdings, Inc. (SPB) has the higher forward dividend yield at 2.38%, versus 2.26% for The Coca-Cola Company (KO).
- As of Oct 18, 2026, SmarterDividends grades KO's dividend safety A (92/100) and SPB's B (72/100).
- By SmarterDividends' count as of Oct 18, 2026, KO has raised its dividend for 55 consecutive years and SPB for 2.
- As of Oct 18, 2026, KO pays out 62% of its earnings as dividends and SPB pays out 57%.
- As of Oct 18, 2026, KO's fair-value estimate is 50% below its share price and SPB's fair-value estimate is 60% above its share price, so SPB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "KO vs SPB: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ko-vs-spb
| Metric | KO | SPB |
|---|---|---|
| Forward yield | 2.26% | 2.38% |
| Annual dividend | $2.12 | $1.88 |
| Payout ratio | 62% | 57% |
| Years of growth | 55 yr | 2 yr |
| 5-yr dividend growth | 4.5% | 2.3% |
| 5-yr total return | 79% | -21% |
| Dividend safety score | 92 (A) | 72 (B) |
| Fair value estimate | $47.18 | $126.68 |
| Upside to fair value | -50% | +60% |
| Frequency | quarterly | quarterly |
| Market cap | $404.0B | $1.8B |
| P/E ratio | 28.2 | 23.8 |
Higher yield
SPB
2.38%
Safer dividend
KO
Grade A
Faster growth
KO
4.5%
Better value
SPB
+60% upside
KO vs SPB — FAQ
Is KO or SPB a better dividend stock?
On the data, KO wins more head-to-head categories (5 vs 3). SPB offers the higher yield (2.38%), 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 SPB?
SPB has the higher forward dividend yield at 2.38%, versus 2.26% for KO.
Is KO or SPB safer?
KO has the higher dividend-safety score (92/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is KO or SPB better value right now?
As of Oct 18, 2026, SPB looks like the better value: its fair-value estimate is 60% above its share price (undervalued). For KO, its fair-value estimate is 50% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.