MA vs PAI: Which Is the Better Dividend Stock?
As of Oct 18, 2026, MA (Mastercard Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PAI offers the higher yield at 5.54%, MA has the higher dividend-safety score, and PAI looks like the better value (its fair-value estimate is 12% below its share price).
Key facts: MA vs PAI
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Western Asset Investment Grade Income Fund Inc. (PAI) has the higher forward dividend yield at 5.54%, versus 0.56% for Mastercard Incorporated (MA).
- As of Oct 18, 2026, SmarterDividends grades MA's dividend safety A (89/100) and PAI's B (66/100).
- By SmarterDividends' count as of Oct 18, 2026, MA has raised its dividend for 14 consecutive years and PAI for 3.
- As of Oct 18, 2026, MA pays out 18% of its earnings as dividends and PAI pays out 69%.
- As of Oct 18, 2026, MA's fair-value estimate is 23% below its share price and PAI's fair-value estimate is 12% below its share price, so PAI looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MA vs PAI: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ma-vs-pai
| Metric | MA | PAI |
|---|---|---|
| Forward yield | 0.56% | 5.54% |
| Annual dividend | $3.48 | $0.63 |
| Payout ratio | 18% | 69% |
| Years of growth | 14 yr | 3 yr |
| 5-yr dividend growth | 13.7% | 0.8% |
| 5-yr total return | 96% | -31% |
| Dividend safety score | 89 (A) | 66 (B) |
| Fair value estimate | $474.95 | $10.04 |
| Upside to fair value | -23% | -12% |
| Frequency | quarterly | monthly |
| Market cap | $540.9B | $108.2M |
| P/E ratio | 34.0 | 12.5 |
Higher yield
PAI
5.54%
Safer dividend
MA
Grade A
Faster growth
MA
13.7%
Better value
PAI
-12% upside
MA vs PAI — FAQ
Is MA or PAI a better dividend stock?
On the data, MA wins more head-to-head categories (6 vs 2). PAI offers the higher yield (5.54%), 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 PAI?
PAI has the higher forward dividend yield at 5.54%, versus 0.56% for MA.
Is MA or PAI safer?
MA has the higher dividend-safety score (89/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is MA or PAI better value right now?
As of Oct 18, 2026, PAI looks like the better value: its fair-value estimate is 12% below its share price (fairly valued). 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.