MA vs PGR: Which Is the Better Dividend Stock?
As of Nov 5, 2026, MA (Mastercard Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. MA offers the higher yield at 0.52%, MA has the higher dividend-safety score, and PGR looks like the better value (its fair-value estimate is 2% below its share price).
Key facts: MA vs PGR
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Mastercard Incorporated (MA) has the higher forward dividend yield at 0.52%, versus 0.17% for The Progressive Corporation (PGR).
- As of Nov 5, 2026, SmarterDividends grades MA's dividend safety A (89/100) and PGR's A (82/100).
- By SmarterDividends' count as of Nov 5, 2026, MA has raised its dividend for 14 consecutive years and PGR for 0.
- As of Nov 5, 2026, MA pays out 18% of its earnings as dividends and PGR pays out 70%.
- As of Nov 5, 2026, MA's fair-value estimate is 25% below its share price and PGR's fair-value estimate is 2% below its share price, so PGR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MA vs PGR: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/ma-vs-pgr
| Metric | MA | PGR |
|---|---|---|
| Forward yield | 0.52% | 0.17% |
| Annual dividend | $3.48 | $0.40 |
| Payout ratio | 18% | 70% |
| Years of growth | 14 yr | 0 yr |
| 5-yr dividend growth | 13.7% | 0.0% |
| 5-yr total return | 103% | 149% |
| Dividend safety score | 89 (A) | 82 (A) |
| Fair value estimate | $499.25 | $233.20 |
| Upside to fair value | -25% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $578.5B | $137.5B |
| P/E ratio | 34.7 | 12.0 |
Higher yield
MA
0.52%
Safer dividend
MA
Grade A
Faster growth
MA
13.7%
Better value
PGR
-2% upside
MA vs PGR — FAQ
Is MA or PGR a better dividend stock?
On the data, MA wins more head-to-head categories (6 vs 2). MA offers the higher yield (0.52%), 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 PGR?
MA has the higher forward dividend yield at 0.52%, versus 0.17% for PGR.
Is MA or PGR safer?
MA has the higher dividend-safety score (89/100 vs 82/100), reflecting stronger payout coverage and dividend-growth history.
Is MA or PGR better value right now?
As of Nov 5, 2026, PGR looks like the better value: its fair-value estimate is 2% below its share price (fairly valued). For MA, its fair-value estimate is 25% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.