PG vs CL: Which Is the Better Dividend Stock?
As of July 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PG offers the higher yield at 2.95%, PG has the higher dividend-safety score, and PG trades at the larger discount to fair value (-6%).
| Metric | PG | CL |
|---|---|---|
| Forward yield | 2.95% | 2.34% |
| Annual dividend | $4.35 | $2.12 |
| Payout ratio | 62% | 81% |
| Years of growth | 42 yr | 52 yr |
| 5-yr dividend growth | 6.0% | 3.3% |
| 5-yr total return | 4% | 16% |
| Dividend safety score | 90 (A) | 88 (A) |
| Fair value estimate | $138.72 | $81.54 |
| Upside to fair value | -6% | -10% |
| Frequency | quarterly | quarterly |
| Market cap | $343.3B | $72.6B |
| P/E ratio | 21.6 | 35.2 |
Higher yield
PG
2.95%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
PG
-6% upside
PG vs CL — FAQ
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