SMP vs TOYOF: Which Is the Better Dividend Stock?
As of Oct 18, 2026, TOYOF (Toyota Motor Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SMP offers the higher yield at 3.57%, SMP has the higher dividend-safety score, and TOYOF looks like the better value (its fair-value estimate is 90% above its share price).
Key facts: SMP vs TOYOF
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Standard Motor Products, Inc. (SMP) has the higher forward dividend yield at 3.57%, versus 3.40% for Toyota Motor Corporation (TOYOF).
- As of Oct 18, 2026, SmarterDividends grades SMP's dividend safety B (77/100) and TOYOF's C (51/100).
- By SmarterDividends' count as of Oct 18, 2026, SMP has raised its dividend for 1 consecutive years and TOYOF for 3.
- As of Oct 18, 2026, SMP pays out 33% of its earnings as dividends and TOYOF pays out 27%.
- As of Oct 18, 2026, SMP's fair-value estimate is 53% above its share price and TOYOF's fair-value estimate is 90% above its share price, so TOYOF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SMP vs TOYOF: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/smp-vs-toyof
| Metric | SMP | TOYOF |
|---|---|---|
| Forward yield | 3.57% | 3.40% |
| Annual dividend | $1.32 | $0.63 |
| Payout ratio | 33% | 27% |
| Years of growth | 1 yr | 3 yr |
| 5-yr dividend growth | 4.4% | 8.4% |
| 5-yr total return | -26% | 4% |
| Dividend safety score | 77 (B) | 51 (C) |
| Fair value estimate | $56.48 | $35.27 |
| Upside to fair value | +53% | +90% |
| Frequency | quarterly | semiannual |
| Market cap | $822.6M | $219.1B |
| P/E ratio | 9.4 | 8.2 |
Higher yield
SMP
3.57%
Safer dividend
SMP
Grade B
Faster growth
TOYOF
8.4%
Better value
TOYOF
+90% upside
SMP vs TOYOF — FAQ
Is SMP or TOYOF a better dividend stock?
On the data, TOYOF wins more head-to-head categories (5 vs 3). SMP offers the higher yield (3.57%), while SMP has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, SMP or TOYOF?
SMP has the higher forward dividend yield at 3.57%, versus 3.40% for TOYOF.
Is SMP or TOYOF safer?
SMP has the higher dividend-safety score (77/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is SMP or TOYOF better value right now?
As of Oct 18, 2026, TOYOF looks like the better value: its fair-value estimate is 90% above its share price (undervalued). For SMP, its fair-value estimate is 53% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.