CCEP 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. PM offers the higher yield at 3.12%, PM has the higher dividend-safety score, and CCEP trades at the larger discount to fair value (+13%).
| Metric | CCEP | PM |
|---|---|---|
| Forward yield | 2.41% | 3.12% |
| Annual dividend | $2.41 | $5.88 |
| Payout ratio | 47% | 81% |
| Years of growth | 3 yr | 13 yr |
| 5-yr dividend growth | 3.1% | 3.5% |
| 5-yr total return | 89% | 100% |
| Dividend safety score | 57 (C) | 72 (B) |
| Fair value estimate | $112.51 | $173.38 |
| Upside to fair value | +13% | -8% |
| Frequency | semiannual | quarterly |
| Market cap | $43.9B | $294.0B |
| P/E ratio | 19.6 | 25.9 |
Higher yield
PM
3.12%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
CCEP
+13% upside
CCEP vs PM — FAQ
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