PG vs PM: Which Is the Better Dividend Stock?
As of September 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PM offers the higher yield at 3.12%, PG has the higher dividend-safety score, and PG trades at the larger discount to fair value (-6%).
| Metric | PG | PM |
|---|---|---|
| Forward yield | 2.97% | 3.12% |
| Annual dividend | $4.35 | $5.88 |
| Payout ratio | 64% | 81% |
| Years of growth | 42 yr | 13 yr |
| 5-yr dividend growth | 6.0% | 3.5% |
| 5-yr total return | 2% | 100% |
| Dividend safety score | 90 (A) | 72 (B) |
| Fair value estimate | $137.51 | $173.38 |
| Upside to fair value | -6% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $340.3B | $294.0B |
| P/E ratio | 22.1 | 25.9 |
Higher yield
PM
3.12%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
PG
-6% upside
PG vs PM — FAQ
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