It's hard to think of two stocks that are as stable as Procter & Gamble (NYSE:PG) and Waste Management (NYSE:WM). But this doesn't mean that income-seeking investors shouldn't prefer one over the other.

There are three metrics in particular that rise above the rest when it comes to dividend stocks: dividend yield, growth rate, and the payout ratio. How companies like Procter & Gamble and Waste Management stack up with regard to these metrics goes a long way toward helping income-seeking investors choose which one is best for their portfolio.

The slideshow below does the work for you by cycling through these variables insofar as Procter & Gamble and Waste Management are concerned. To see which of these stocks prevailed over the other, simply scroll through the seven slides.