PG vs UL: 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. UL offers the higher yield at 3.43%, PG has the higher dividend-safety score, and UL trades at the larger discount to fair value (+15%).
| Metric | PG | UL |
|---|---|---|
| Forward yield | 2.97% | 3.43% |
| Annual dividend | $4.35 | $2.12 |
| Payout ratio | 64% | 77% |
| Years of growth | 42 yr | 3 yr |
| 5-yr dividend growth | 6.0% | 1.9% |
| 5-yr total return | 2% | 2% |
| Dividend safety score | 90 (A) | 55 (C) |
| Fair value estimate | $137.51 | $71.00 |
| Upside to fair value | -6% | +15% |
| Frequency | quarterly | quarterly |
| Market cap | $340.3B | $133.1B |
| P/E ratio | 22.1 | 21.2 |
Higher yield
UL
3.43%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
UL
+15% upside
PG vs UL — FAQ
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