MSFT vs PAYX: Which Is the Better Dividend Stock?
As of September 2026, MSFT and PAYX are closely matched. PAYX offers the higher yield at 3.91%, MSFT has the higher dividend-safety score, and PAYX trades at the larger discount to fair value (-18%).
| Metric | MSFT | PAYX |
|---|---|---|
| Forward yield | 0.73% | 3.91% |
| Annual dividend | $3.64 | $4.76 |
| Payout ratio | 20% | 91% |
| Years of growth | 20 yr | 15 yr |
| 5-yr dividend growth | 10.2% | 11.2% |
| 5-yr total return | 77% | 8% |
| Dividend safety score | 97 (A) | 83 (A) |
| Fair value estimate | $395.33 | $99.54 |
| Upside to fair value | -21% | -18% |
| Frequency | quarterly | quarterly |
| Market cap | $3.7T | $43.3B |
| P/E ratio | 27.9 | 24.9 |
Higher yield
PAYX
3.91%
Safer dividend
MSFT
Grade A
Faster growth
PAYX
11.2%
Better value
PAYX
-18% upside
MSFT vs PAYX — FAQ
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