RY vs V: Which Is the Better Dividend Stock?
As of Oct 23, 2026, V (Visa Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. RY offers the higher yield at 2.48%, V has the higher dividend-safety score, and RY looks like the better value (its fair-value estimate is 0% above its share price).
Key facts: RY vs V
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, Royal Bank of Canada (RY) has the higher forward dividend yield at 2.48%, versus 0.65% for Visa Inc. (V).
- As of Oct 23, 2026, SmarterDividends grades RY's dividend safety B (75/100) and V's A (93/100).
- By SmarterDividends' count as of Oct 23, 2026, RY has raised its dividend for 10 consecutive years and V for 17.
- As of Oct 23, 2026, RY pays out 41% of its earnings as dividends and V pays out 22%.
- As of Oct 23, 2026, RY's fair-value estimate is 0% above its share price and V's fair-value estimate is 26% below its share price, so RY looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "RY vs V: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/ry-vs-v
| Metric | RY | V |
|---|---|---|
| Forward yield | 2.48% | 0.65% |
| Annual dividend | $4.99 | $2.68 |
| Payout ratio | 41% | 22% |
| Years of growth | 10 yr | 17 yr |
| 5-yr dividend growth | 6.2% | 14.9% |
| 5-yr total return | 100% | 108% |
| Dividend safety score | 75 (B) | 93 (A) |
| Fair value estimate | $202.73 | $306.97 |
| Upside to fair value | +0% | -26% |
| Frequency | quarterly | quarterly |
| Market cap | $279.7B | $777.9B |
| P/E ratio | 17.6 | 35.3 |
Higher yield
RY
2.48%
Safer dividend
V
Grade A
Faster growth
V
14.9%
Better value
RY
+0% upside
RY vs V — FAQ
Is RY or V a better dividend stock?
On the data, V wins more head-to-head categories (5 vs 3). RY offers the higher yield (2.48%), while V has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, RY or V?
RY has the higher forward dividend yield at 2.48%, versus 0.65% for V.
Is RY or V safer?
V has the higher dividend-safety score (93/100 vs 75/100), reflecting stronger payout coverage and dividend-growth history.
Is RY or V better value right now?
As of Oct 23, 2026, RY looks like the better value: its fair-value estimate is 0% above its share price (fairly valued). For V, 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.