CL vs PM: Which Is the Better Dividend Stock?
As of Oct 19, 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%, CL has the higher dividend-safety score, and PM looks like the better value (its fair-value estimate is 21% below its share price).
Key facts: CL vs PM
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Philip Morris International Inc. (PM) has the higher forward dividend yield at 3.12%, versus 2.25% for Colgate-Palmolive Company (CL).
- As of Oct 19, 2026, SmarterDividends grades CL's dividend safety A (88/100) and PM's B (72/100).
- By SmarterDividends' count as of Oct 19, 2026, CL has raised its dividend for 52 consecutive years and PM for 13.
- As of Oct 19, 2026, CL pays out 82% of its earnings as dividends and PM pays out 84%.
- As of Oct 19, 2026, CL's fair-value estimate is 22% below its share price and PM's fair-value estimate is 21% below its share price, so PM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CL vs PM: Dividend Yield, Safety & Value Compared," updated Oct 19, 2026, https://smarterdividends.com/compare/cl-vs-pm
| Metric | CL | PM |
|---|---|---|
| Forward yield | 2.25% | 3.12% |
| Annual dividend | $2.12 | $6.40 |
| Payout ratio | 82% | 84% |
| Years of growth | 52 yr | 13 yr |
| 5-yr dividend growth | 3.3% | 3.5% |
| 5-yr total return | 25% | 139% |
| Dividend safety score | 88 (A) | 72 (B) |
| Fair value estimate | $73.57 | $161.23 |
| Upside to fair value | -22% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $75.0B | $319.8B |
| P/E ratio | 37.1 | 29.5 |
Higher yield
PM
3.12%
Safer dividend
CL
Grade A
Faster growth
PM
3.5%
Better value
PM
-21% upside
CL vs PM — FAQ
Is CL or PM a better dividend stock?
On the data, PM wins more head-to-head categories (5 vs 3). PM offers the higher yield (3.12%), while CL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CL or PM?
PM has the higher forward dividend yield at 3.12%, versus 2.25% for CL.
Is CL or PM safer?
CL has the higher dividend-safety score (88/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is CL or PM better value right now?
As of Oct 19, 2026, PM looks like the better value: its fair-value estimate is 21% below its share price (overvalued). For CL, its fair-value estimate is 22% below its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.