PG vs SJM: Which Is the Better Dividend Stock?
As of September 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 3.70%, PG has the higher dividend-safety score, and PG trades at the larger discount to fair value (-6%).
| Metric | PG | SJM |
|---|---|---|
| Forward yield | 3.05% | 3.70% |
| Annual dividend | $4.35 | $4.48 |
| Payout ratio | 64% | 206% |
| Years of growth | 42 yr | 24 yr |
| 5-yr dividend growth | 6.0% | 4.1% |
| 5-yr total return | 4% | 1% |
| Dividend safety score | 90 (A) | 86 (A) |
| Fair value estimate | $137.55 | $105.84 |
| Upside to fair value | -6% | -16% |
| Frequency | quarterly | quarterly |
| Market cap | $337.4B | $12.9B |
| P/E ratio | 21.9 | 56.6 |
Higher yield
SJM
3.70%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
PG
-6% upside
PG vs SJM — FAQ
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