MO vs PG: Which Is the Better Dividend Stock?
As of Oct 27, 2026, MO and PG are closely matched. MO offers the higher yield at 6.03%, PG has the higher dividend-safety score, and MO looks like the better value (its fair-value estimate is 17% above its share price).
Key facts: MO vs PG
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Altria Group, Inc. (MO) has the higher forward dividend yield at 6.03%, versus 2.72% for The Procter & Gamble Company (PG).
- As of Oct 27, 2026, SmarterDividends grades MO's dividend safety B (77/100) and PG's A (92/100).
- By SmarterDividends' count as of Oct 27, 2026, MO has raised its dividend for 17 consecutive years and PG for 42.
- As of Oct 27, 2026, MO pays out 89% of its earnings as dividends and PG pays out 65%.
- As of Oct 27, 2026, MO's fair-value estimate is 17% above its share price and PG's fair-value estimate is 22% below its share price, so MO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MO vs PG: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/mo-vs-pg
| Metric | MO | PG |
|---|---|---|
| Forward yield | 6.03% | 2.72% |
| Annual dividend | $4.44 | $4.35 |
| Payout ratio | 89% | 65% |
| Years of growth | 17 yr | 42 yr |
| 5-yr dividend growth | 4.1% | 6.0% |
| 5-yr total return | 74% | 11% |
| Dividend safety score | 77 (B) | 92 (A) |
| Fair value estimate | $85.84 | $124.37 |
| Upside to fair value | +17% | -22% |
| Frequency | quarterly | quarterly |
| Market cap | $122.9B | $370.7B |
| P/E ratio | 15.5 | 24.1 |
Higher yield
MO
6.03%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
MO
+17% upside
MO vs PG — FAQ
Is MO or PG a better dividend stock?
MO and PG are closely matched. MO has the higher yield; PG scores better on safety.
Which has a higher dividend yield, MO or PG?
MO has the higher forward dividend yield at 6.03%, versus 2.72% for PG.
Is MO or PG safer?
PG has the higher dividend-safety score (92/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is MO or PG better value right now?
As of Oct 27, 2026, MO looks like the better value: its fair-value estimate is 17% above its share price (undervalued). For PG, its fair-value estimate is 22% below its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.