M vs TOYOF: Which Is the Better Dividend Stock?
As of Nov 5, 2026, TOYOF (Toyota Motor Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. TOYOF offers the higher yield at 3.20%, M has the higher dividend-safety score, and TOYOF looks like the better value (its fair-value estimate is 60% above its share price).
Key facts: M vs TOYOF
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Toyota Motor Corporation (TOYOF) has the higher forward dividend yield at 3.20%, versus 2.98% for Macy's, Inc. (M).
- As of Nov 5, 2026, SmarterDividends grades M's dividend safety C (65/100) and TOYOF's C (51/100).
- By SmarterDividends' count as of Nov 5, 2026, M has raised its dividend for 4 consecutive years and TOYOF for 3.
- As of Nov 5, 2026, M pays out 27% of its earnings as dividends and TOYOF pays out 27%.
- As of Nov 5, 2026, M's fair-value estimate is 0% below its share price and TOYOF's fair-value estimate is 60% above its share price, so TOYOF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "M vs TOYOF: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/m-vs-toyof
| Metric | M | TOYOF |
|---|---|---|
| Forward yield | 2.98% | 3.20% |
| Annual dividend | $0.77 | $0.63 |
| Payout ratio | 27% | 27% |
| Years of growth | 4 yr | 3 yr |
| 5-yr dividend growth | -13.6% | 8.4% |
| 5-yr total return | -15% | 7% |
| Dividend safety score | 65 (C) | 51 (C) |
| Fair value estimate | $24.84 | $34.79 |
| Upside to fair value | -0% | +60% |
| Frequency | quarterly | semiannual |
| Market cap | $6.5B | $255.7B |
| P/E ratio | 9.1 | 9.5 |
Higher yield
TOYOF
3.20%
Safer dividend
M
Grade C
Faster growth
TOYOF
8.4%
Better value
TOYOF
+60% upside
M vs TOYOF — FAQ
Is M or TOYOF a better dividend stock?
On the data, TOYOF wins more head-to-head categories (5 vs 3). TOYOF offers the higher yield (3.20%), while M has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, M or TOYOF?
TOYOF has the higher forward dividend yield at 3.20%, versus 2.98% for M.
Is M or TOYOF safer?
M has the higher dividend-safety score (65/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is M or TOYOF better value right now?
As of Nov 5, 2026, TOYOF looks like the better value: its fair-value estimate is 60% above its share price (undervalued). For M, its fair-value estimate is 0% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.