PG vs SJM: Which Is the Better Dividend Stock?
As of Nov 5, 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SJM offers the higher yield at 3.38%, PG has the higher dividend-safety score, and PG looks like the better value (its fair-value estimate is 26% below its share price).
Key facts: PG vs SJM
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, The J. M. Smucker Company (SJM) has the higher forward dividend yield at 3.38%, versus 2.60% for The Procter & Gamble Company (PG).
- As of Nov 5, 2026, SmarterDividends grades PG's dividend safety A (92/100) and SJM's A (88/100).
- By SmarterDividends' count as of Nov 5, 2026, PG has raised its dividend for 42 consecutive years and SJM for 24.
- As of Nov 5, 2026, PG pays out 65% of its earnings as dividends and SJM pays out 206%.
- As of Nov 5, 2026, PG's fair-value estimate is 26% below its share price and SJM's fair-value estimate is 38% below its share price, so PG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PG vs SJM: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/pg-vs-sjm
| Metric | PG | SJM |
|---|---|---|
| Forward yield | 2.60% | 3.38% |
| Annual dividend | $4.35 | $4.48 |
| Payout ratio | 65% | 206% |
| Years of growth | 42 yr | 24 yr |
| 5-yr dividend growth | 6.0% | 4.1% |
| 5-yr total return | 12% | 3% |
| Dividend safety score | 92 (A) | 88 (A) |
| Fair value estimate | $124.28 | $81.95 |
| Upside to fair value | -26% | -38% |
| Frequency | quarterly | quarterly |
| Market cap | $388.6B | $14.2B |
| P/E ratio | 25.3 | 62.2 |
Higher yield
SJM
3.38%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
PG
-26% upside
PG vs SJM — FAQ
Is PG or SJM a better dividend stock?
On the data, PG wins more head-to-head categories (6 vs 2). SJM offers the higher yield (3.38%), while PG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, PG or SJM?
SJM has the higher forward dividend yield at 3.38%, versus 2.60% for PG.
Is PG or SJM safer?
PG has the higher dividend-safety score (92/100 vs 88/100), reflecting stronger payout coverage and dividend-growth history.
Is PG or SJM better value right now?
As of Nov 5, 2026, PG looks like the better value: its fair-value estimate is 26% below its share price (overvalued). For SJM, its fair-value estimate is 38% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.