PG vs TPB: Which Is the Better Dividend Stock?
As of Oct 18, 2026, PG and TPB are closely matched. PG offers the higher yield at 2.73%, PG has the higher dividend-safety score, and TPB looks like the better value (its fair-value estimate is 10% above its share price).
Key facts: PG vs TPB
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, The Procter & Gamble Company (PG) has the higher forward dividend yield at 2.73%, versus 0.51% for Turning Point Brands, Inc. (TPB).
- As of Oct 18, 2026, SmarterDividends grades PG's dividend safety A (92/100) and TPB's A (83/100).
- By SmarterDividends' count as of Oct 18, 2026, PG has raised its dividend for 42 consecutive years and TPB for 8.
- As of Oct 18, 2026, PG pays out 64% of its earnings as dividends and TPB pays out 13%.
- As of Oct 18, 2026, PG's fair-value estimate is 25% below its share price and TPB's fair-value estimate is 10% above its share price, so TPB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PG vs TPB: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/pg-vs-tpb
| Metric | PG | TPB |
|---|---|---|
| Forward yield | 2.73% | 0.51% |
| Annual dividend | $4.35 | $0.32 |
| Payout ratio | 64% | 13% |
| Years of growth | 42 yr | 8 yr |
| 5-yr dividend growth | 6.0% | 8.4% |
| 5-yr total return | 10% | 65% |
| Dividend safety score | 92 (A) | 83 (A) |
| Fair value estimate | $120.24 | $68.61 |
| Upside to fair value | -25% | +10% |
| Frequency | quarterly | quarterly |
| Market cap | $370.4B | $1.2B |
| P/E ratio | 24.1 | 27.0 |
Higher yield
PG
2.73%
Safer dividend
PG
Grade A
Faster growth
TPB
8.4%
Better value
TPB
+10% upside
PG vs TPB — FAQ
Is PG or TPB a better dividend stock?
PG and TPB are closely matched. PG has the higher yield; PG scores better on safety.
Which has a higher dividend yield, PG or TPB?
PG has the higher forward dividend yield at 2.73%, versus 0.51% for TPB.
Is PG or TPB safer?
PG has the higher dividend-safety score (92/100 vs 83/100), reflecting stronger payout coverage and dividend-growth history.
Is PG or TPB better value right now?
As of Oct 18, 2026, TPB looks like the better value: its fair-value estimate is 10% above its share price (fairly valued). For PG, its fair-value estimate is 25% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.