LW vs PG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. LW offers the higher yield at 2.84%, PG has the higher dividend-safety score, and PG looks like the better value (its fair-value estimate is 25% below its share price).
Key facts: LW vs PG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Lamb Weston Holdings, Inc. (LW) has the higher forward dividend yield at 2.84%, versus 2.73% for The Procter & Gamble Company (PG).
- As of Oct 18, 2026, SmarterDividends grades LW's dividend safety B (71/100) and PG's A (92/100).
- By SmarterDividends' count as of Oct 18, 2026, LW has raised its dividend for 8 consecutive years and PG for 42.
- As of Oct 18, 2026, LW pays out 83% of its earnings as dividends and PG pays out 64%.
- As of Oct 18, 2026, LW's fair-value estimate is 26% below its share price and PG's fair-value estimate is 25% below its share price, so PG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "LW vs PG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/lw-vs-pg
| Metric | LW | PG |
|---|---|---|
| Forward yield | 2.84% | 2.73% |
| Annual dividend | $1.52 | $4.35 |
| Payout ratio | 83% | 64% |
| Years of growth | 8 yr | 42 yr |
| 5-yr dividend growth | 10.0% | 6.0% |
| 5-yr total return | 3% | 10% |
| Dividend safety score | 71 (B) | 92 (A) |
| Fair value estimate | $39.40 | $120.24 |
| Upside to fair value | -26% | -25% |
| Frequency | quarterly | quarterly |
| Market cap | $7.4B | $370.4B |
| P/E ratio | 29.3 | 24.1 |
Higher yield
LW
2.84%
Safer dividend
PG
Grade A
Faster growth
LW
10.0%
Better value
PG
-25% upside
LW vs PG — FAQ
Is LW or PG a better dividend stock?
On the data, PG wins more head-to-head categories (6 vs 2). LW offers the higher yield (2.84%), while PG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, LW or PG?
LW has the higher forward dividend yield at 2.84%, versus 2.73% for PG.
Is LW or PG safer?
PG has the higher dividend-safety score (92/100 vs 71/100), reflecting stronger payout coverage and dividend-growth history.
Is LW or PG better value right now?
As of Oct 18, 2026, PG looks like the better value: its fair-value estimate is 25% below its share price (overvalued). For LW, its fair-value estimate is 26% below its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.