SmarterDividends

BUD vs PM: Which Is the Better Dividend Stock?

As of September 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PM offers the higher yield at 3.12%, PM has the higher dividend-safety score, and BUD trades at the larger discount to fair value (+18%).

MetricBUDPM
Forward yield1.73%3.12%
Annual dividend$1.35$5.88
Payout ratio29%81%
Years of growth3 yr13 yr
5-yr dividend growth15.4%3.5%
5-yr total return27%100%
Dividend safety score61 (C)72 (B)
Fair value estimate$91.96$173.38
Upside to fair value+18%-8%
Frequencyannualquarterly
Market cap$153.1B$294.0B
P/E ratio16.825.9

Higher yield

PM

3.12%

Safer dividend

PM

Grade B

Faster growth

BUD

15.4%

Better value

BUD

+18% upside

BUD vs PM — FAQ

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