TNL vs TOYOF: Which Is the Better Dividend Stock?
As of Oct 18, 2026, TNL (Travel + Leisure Co.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. TNL offers the higher yield at 3.72%, TNL 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: TNL vs TOYOF
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Travel + Leisure Co. (TNL) has the higher forward dividend yield at 3.72%, versus 3.40% for Toyota Motor Corporation (TOYOF).
- As of Oct 18, 2026, SmarterDividends grades TNL's dividend safety B (67/100) and TOYOF's C (51/100).
- By SmarterDividends' count as of Oct 18, 2026, TNL has raised its dividend for 4 consecutive years and TOYOF for 3.
- As of Oct 18, 2026, TNL pays out 63% of its earnings as dividends and TOYOF pays out 27%.
- As of Oct 18, 2026, TNL's fair-value estimate is 7% below 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, "TNL vs TOYOF: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/tnl-vs-toyof
| Metric | TNL | TOYOF |
|---|---|---|
| Forward yield | 3.72% | 3.40% |
| Annual dividend | $2.40 | $0.63 |
| Payout ratio | 63% | 27% |
| Years of growth | 4 yr | 3 yr |
| 5-yr dividend growth | 7.0% | 8.4% |
| 5-yr total return | 31% | 4% |
| Dividend safety score | 67 (B) | 51 (C) |
| Fair value estimate | $60.17 | $35.27 |
| Upside to fair value | -7% | +90% |
| Frequency | quarterly | semiannual |
| Market cap | $4.0B | $219.1B |
| P/E ratio | 17.6 | 8.2 |
Higher yield
TNL
3.72%
Safer dividend
TNL
Grade B
Faster growth
TOYOF
8.4%
Better value
TOYOF
+90% upside
TNL vs TOYOF — FAQ
Is TNL or TOYOF a better dividend stock?
On the data, TNL wins more head-to-head categories (5 vs 3). TNL offers the higher yield (3.72%), while TNL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, TNL or TOYOF?
TNL has the higher forward dividend yield at 3.72%, versus 3.40% for TOYOF.
Is TNL or TOYOF safer?
TNL has the higher dividend-safety score (67/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is TNL 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 TNL, its fair-value estimate is 7% below its share price.
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