PG vs UL: Which Is the Better Dividend Stock?
As of Nov 5, 2026, PG and UL are closely matched. UL offers the higher yield at 3.12%, PG has the higher dividend-safety score, and UL looks like the better value (its fair-value estimate is 9% above its share price).
Key facts: PG vs UL
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Unilever PLC (UL) has the higher forward dividend yield at 3.12%, versus 2.60% for The Procter & Gamble Company (PG).
- As of Nov 5, 2026, SmarterDividends grades PG's dividend safety A (92/100) and UL's C (57/100).
- By SmarterDividends' count as of Nov 5, 2026, PG has raised its dividend for 42 consecutive years and UL for 3.
- As of Nov 5, 2026, PG pays out 65% of its earnings as dividends and UL pays out 46%.
- As of Nov 5, 2026, PG's fair-value estimate is 26% below its share price and UL's fair-value estimate is 9% above its share price, so UL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PG vs UL: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/pg-vs-ul
| Metric | PG | UL |
|---|---|---|
| Forward yield | 2.60% | 3.12% |
| Annual dividend | $4.35 | $2.09 |
| Payout ratio | 65% | 46% |
| Years of growth | 42 yr | 3 yr |
| 5-yr dividend growth | 6.0% | 1.9% |
| 5-yr total return | 12% | 14% |
| Dividend safety score | 92 (A) | 57 (C) |
| Fair value estimate | $124.28 | $74.10 |
| Upside to fair value | -26% | +9% |
| Frequency | quarterly | quarterly |
| Market cap | $388.6B | $146.4B |
| P/E ratio | 25.3 | 13.7 |
Higher yield
UL
3.12%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
UL
+9% upside
PG vs UL — FAQ
Is PG or UL a better dividend stock?
PG and UL are closely matched. UL has the higher yield; PG scores better on safety.
Which has a higher dividend yield, PG or UL?
UL has the higher forward dividend yield at 3.12%, versus 2.60% for PG.
Is PG or UL safer?
PG has the higher dividend-safety score (92/100 vs 57/100), reflecting stronger payout coverage and dividend-growth history.
Is PG or UL better value right now?
As of Nov 5, 2026, UL looks like the better value: its fair-value estimate is 9% above its share price (fairly valued). For PG, its fair-value estimate is 26% below its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.