MKC vs PG: Which Is the Better Dividend Stock?
As of Oct 27, 2026, MKC and PG are closely matched. MKC offers the higher yield at 4.00%, PG has the higher dividend-safety score, and MKC looks like the better value (its fair-value estimate is 63% above its share price).
Key facts: MKC vs PG
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, McCormick & Company, Incorporated (MKC) has the higher forward dividend yield at 4.00%, versus 2.72% for The Procter & Gamble Company (PG).
- As of Oct 27, 2026, SmarterDividends grades MKC's dividend safety A (90/100) and PG's A (92/100).
- By SmarterDividends' count as of Oct 27, 2026, MKC has raised its dividend for 31 consecutive years and PG for 42.
- As of Oct 27, 2026, MKC pays out 34% of its earnings as dividends and PG pays out 65%.
- As of Oct 27, 2026, MKC's fair-value estimate is 63% above its share price and PG's fair-value estimate is 22% below its share price, so MKC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MKC vs PG: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/mkc-vs-pg
| Metric | MKC | PG |
|---|---|---|
| Forward yield | 4.00% | 2.72% |
| Annual dividend | $1.92 | $4.35 |
| Payout ratio | 34% | 65% |
| Years of growth | 31 yr | 42 yr |
| 5-yr dividend growth | 7.6% | 6.0% |
| 5-yr total return | -44% | 11% |
| Dividend safety score | 90 (A) | 92 (A) |
| Fair value estimate | $78.04 | $124.37 |
| Upside to fair value | +63% | -22% |
| Frequency | quarterly | quarterly |
| Market cap | $12.9B | $370.7B |
| P/E ratio | 8.7 | 24.1 |
Higher yield
MKC
4.00%
Safer dividend
PG
Grade A
Faster growth
MKC
7.6%
Better value
MKC
+63% upside
MKC vs PG — FAQ
Is MKC or PG a better dividend stock?
MKC and PG are closely matched. MKC has the higher yield; PG scores better on safety.
Which has a higher dividend yield, MKC or PG?
MKC has the higher forward dividend yield at 4.00%, versus 2.72% for PG.
Is MKC or PG safer?
PG has the higher dividend-safety score (92/100 vs 90/100), reflecting stronger payout coverage and dividend-growth history.
Is MKC or PG better value right now?
As of Oct 27, 2026, MKC looks like the better value: its fair-value estimate is 63% above its share price (undervalued). For PG, its fair-value estimate is 22% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.