MTH vs TOYOF: Which Is the Better Dividend Stock?
As of Oct 18, 2026, MTH and TOYOF are closely matched. TOYOF offers the higher yield at 3.40%, MTH has the higher dividend-safety score, and TOYOF looks like the better value (its fair-value estimate is 90% above its share price).
Key facts: MTH vs TOYOF
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Toyota Motor Corporation (TOYOF) has the higher forward dividend yield at 3.40%, versus 3.24% for Meritage Homes Corporation (MTH).
- As of Oct 18, 2026, SmarterDividends grades MTH's dividend safety B (75/100) and TOYOF's C (51/100).
- By SmarterDividends' count as of Oct 18, 2026, MTH has raised its dividend for 3 consecutive years and TOYOF for 3.
- As of Oct 18, 2026, MTH pays out 38% of its earnings as dividends and TOYOF pays out 27%.
- As of Oct 18, 2026, MTH's fair-value estimate is 54% below its share price and TOYOF's fair-value estimate is 90% above its share price, so TOYOF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MTH vs TOYOF: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/mth-vs-toyof
| Metric | MTH | TOYOF |
|---|---|---|
| Forward yield | 3.24% | 3.40% |
| Annual dividend | $1.92 | $0.63 |
| Payout ratio | 38% | 27% |
| Years of growth | 3 yr | 3 yr |
| 5-yr dividend growth | — | 8.4% |
| 5-yr total return | 5% | 4% |
| Dividend safety score | 75 (B) | 51 (C) |
| Fair value estimate | $26.97 | $35.27 |
| Upside to fair value | -54% | +90% |
| Frequency | quarterly | semiannual |
| Market cap | $3.9B | $219.1B |
| P/E ratio | 12.4 | 8.2 |
Higher yield
TOYOF
3.40%
Safer dividend
MTH
Grade B
Faster growth
TOYOF
8.4%
Better value
TOYOF
+90% upside
MTH vs TOYOF — FAQ
Is MTH or TOYOF a better dividend stock?
MTH and TOYOF are closely matched. TOYOF has the higher yield; MTH scores better on safety.
Which has a higher dividend yield, MTH or TOYOF?
TOYOF has the higher forward dividend yield at 3.40%, versus 3.24% for MTH.
Is MTH or TOYOF safer?
MTH has the higher dividend-safety score (75/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is MTH or TOYOF better value right now?
As of Oct 18, 2026, TOYOF looks like the better value: its fair-value estimate is 90% above its share price (undervalued). For MTH, its fair-value estimate is 54% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.