MA vs VOYA: Which Is the Better Dividend Stock?
As of Oct 18, 2026, MA (Mastercard Incorporated) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. VOYA offers the higher yield at 2.00%, MA has the higher dividend-safety score, and VOYA looks like the better value (its fair-value estimate is 2% above its share price).
Key facts: MA vs VOYA
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Voya Financial, Inc. (VOYA) has the higher forward dividend yield at 2.00%, versus 0.56% for Mastercard Incorporated (MA).
- As of Oct 18, 2026, SmarterDividends grades MA's dividend safety A (89/100) and VOYA's A (87/100).
- By SmarterDividends' count as of Oct 18, 2026, MA has raised its dividend for 14 consecutive years and VOYA for 7.
- As of Oct 18, 2026, MA pays out 18% of its earnings as dividends and VOYA pays out 31%.
- As of Oct 18, 2026, MA's fair-value estimate is 23% below its share price and VOYA's fair-value estimate is 2% above its share price, so VOYA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MA vs VOYA: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ma-vs-voya
| Metric | MA | VOYA |
|---|---|---|
| Forward yield | 0.56% | 2.00% |
| Annual dividend | $3.48 | $1.88 |
| Payout ratio | 18% | 31% |
| Years of growth | 14 yr | 7 yr |
| 5-yr dividend growth | 13.7% | 24.8% |
| 5-yr total return | 96% | 51% |
| Dividend safety score | 89 (A) | 87 (A) |
| Fair value estimate | $474.95 | $96.21 |
| Upside to fair value | -23% | +2% |
| Frequency | quarterly | quarterly |
| Market cap | $540.9B | $8.5B |
| P/E ratio | 34.0 | 15.8 |
Higher yield
VOYA
2.00%
Safer dividend
MA
Grade A
Faster growth
VOYA
24.8%
Better value
VOYA
+2% upside
MA vs VOYA — FAQ
Is MA or VOYA a better dividend stock?
On the data, MA wins more head-to-head categories (5 vs 3). VOYA offers the higher yield (2.00%), 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 VOYA?
VOYA has the higher forward dividend yield at 2.00%, versus 0.56% for MA.
Is MA or VOYA safer?
MA has the higher dividend-safety score (89/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is MA or VOYA better value right now?
As of Oct 18, 2026, VOYA looks like the better value: its fair-value estimate is 2% above its share price (fairly valued). For MA, its fair-value estimate is 23% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.