BTI vs PM: Which Is the Better Dividend Stock?
As of September 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. BTI offers the higher yield at 6.06%, PM has the higher dividend-safety score, and BTI trades at the larger discount to fair value (+74%).
| Metric | BTI | PM |
|---|---|---|
| Forward yield | 6.06% | 3.18% |
| Annual dividend | $3.34 | $5.88 |
| Payout ratio | 85% | 81% |
| Years of growth | 2 yr | 13 yr |
| 5-yr dividend growth | 2.0% | 3.5% |
| 5-yr total return | 57% | 93% |
| Dividend safety score | 62 (C) | 72 (B) |
| Fair value estimate | $96.18 | $174.61 |
| Upside to fair value | +74% | -4% |
| Frequency | quarterly | quarterly |
| Market cap | $117.0B | $289.5B |
| P/E ratio | 14.0 | 25.4 |
Higher yield
BTI
6.06%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
BTI
+74% upside
BTI vs PM — FAQ
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