MDLZ vs PG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, MDLZ and PG are closely matched. MDLZ offers the higher yield at 3.09%, PG has the higher dividend-safety score, and MDLZ looks like the better value (its fair-value estimate is 19% below its share price).
Key facts: MDLZ vs PG
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Mondelez International, Inc. (MDLZ) has the higher forward dividend yield at 3.09%, versus 2.60% for The Procter & Gamble Company (PG).
- As of Nov 5, 2026, SmarterDividends grades MDLZ's dividend safety B (75/100) and PG's A (92/100).
- By SmarterDividends' count as of Nov 5, 2026, MDLZ has raised its dividend for 12 consecutive years and PG for 42.
- As of Nov 5, 2026, MDLZ pays out 64% of its earnings as dividends and PG pays out 65%.
- As of Nov 5, 2026, MDLZ's fair-value estimate is 19% below its share price and PG's fair-value estimate is 26% below its share price, so MDLZ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MDLZ vs PG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/mdlz-vs-pg
| Metric | MDLZ | PG |
|---|---|---|
| Forward yield | 3.09% | 2.60% |
| Annual dividend | $2.08 | $4.35 |
| Payout ratio | 64% | 65% |
| Years of growth | 12 yr | 42 yr |
| 5-yr dividend growth | 10.1% | 6.0% |
| 5-yr total return | 10% | 12% |
| Dividend safety score | 75 (B) | 92 (A) |
| Fair value estimate | $54.59 | $124.28 |
| Upside to fair value | -19% | -26% |
| Frequency | quarterly | quarterly |
| Market cap | $85.5B | $388.6B |
| P/E ratio | 21.3 | 25.3 |
Higher yield
MDLZ
3.09%
Safer dividend
PG
Grade A
Faster growth
MDLZ
10.1%
Better value
MDLZ
-19% upside
MDLZ vs PG — FAQ
Is MDLZ or PG a better dividend stock?
MDLZ and PG are closely matched. MDLZ has the higher yield; PG scores better on safety.
Which has a higher dividend yield, MDLZ or PG?
MDLZ has the higher forward dividend yield at 3.09%, versus 2.60% for PG.
Is MDLZ or PG safer?
PG has the higher dividend-safety score (92/100 vs 75/100), reflecting stronger payout coverage and dividend-growth history.
Is MDLZ or PG better value right now?
As of Nov 5, 2026, MDLZ looks like the better value: its fair-value estimate is 19% below its share price (overvalued). For PG, its fair-value estimate is 26% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.