MA vs ONB: Which Is the Better Dividend Stock?
As of Oct 25, 2026, MA (Mastercard Incorporated) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. ONB offers the higher yield at 2.29%, MA has the higher dividend-safety score, and ONB looks like the better value (its fair-value estimate is 47% above its share price).
Key facts: MA vs ONB
Data as of · Source: SmarterDividends data
- As of Oct 25, 2026, Old National Bancorp (ONB) has the higher forward dividend yield at 2.29%, versus 0.56% for Mastercard Incorporated (MA).
- As of Oct 25, 2026, SmarterDividends grades MA's dividend safety A (89/100) and ONB's A (89/100).
- By SmarterDividends' count as of Oct 25, 2026, MA has raised its dividend for 14 consecutive years and ONB for 0.
- As of Oct 25, 2026, MA pays out 18% of its earnings as dividends and ONB pays out 25%.
- As of Oct 25, 2026, MA's fair-value estimate is 23% below its share price and ONB's fair-value estimate is 47% above its share price, so ONB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MA vs ONB: Dividend Yield, Safety & Value Compared," updated Oct 25, 2026, https://smarterdividends.com/compare/ma-vs-onb
| Metric | MA | ONB |
|---|---|---|
| Forward yield | 0.56% | 2.29% |
| Annual dividend | $3.48 | $0.58 |
| Payout ratio | 18% | 25% |
| Years of growth | 14 yr | 0 yr |
| 5-yr dividend growth | 13.7% | 0.0% |
| 5-yr total return | 98% | 43% |
| Dividend safety score | 89 (A) | 89 (A) |
| Fair value estimate | $483.05 | $37.34 |
| Upside to fair value | -23% | +47% |
| Frequency | quarterly | quarterly |
| Market cap | $546.3B | $9.6B |
| P/E ratio | 33.7 | 10.3 |
Higher yield
ONB
2.29%
Safer dividend
MA
Grade A
Faster growth
MA
13.7%
Better value
ONB
+47% upside
MA vs ONB — FAQ
Is MA or ONB a better dividend stock?
On the data, MA wins more head-to-head categories (5 vs 2). ONB offers the higher yield (2.29%), while MA has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MA or ONB?
ONB has the higher forward dividend yield at 2.29%, versus 0.56% for MA.
Is MA or ONB safer?
MA has the higher dividend-safety score (89/100 vs 89/100), reflecting stronger payout coverage and dividend-growth history.
Is MA or ONB better value right now?
As of Oct 25, 2026, ONB looks like the better value: its fair-value estimate is 47% above its share price (undervalued). For MA, its fair-value estimate is 23% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.