COKE vs PM: Which Is the Better Dividend Stock?
As of Nov 6, 2026, COKE (Coca-Cola Consolidated, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PM offers the higher yield at 3.18%, COKE has the higher dividend-safety score, and COKE looks like the better value (its fair-value estimate is 21% below its share price).
Key facts: COKE vs PM
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Philip Morris International Inc. (PM) has the higher forward dividend yield at 3.18%, versus 0.49% for Coca-Cola Consolidated, Inc. (COKE).
- As of Nov 6, 2026, SmarterDividends grades COKE's dividend safety A (99/100) and PM's B (73/100).
- By SmarterDividends' count as of Nov 6, 2026, COKE has raised its dividend for 3 consecutive years and PM for 13.
- As of Nov 6, 2026, COKE pays out 13% of its earnings as dividends and PM pays out 88%.
- As of Nov 6, 2026, COKE's fair-value estimate is 21% below its share price and PM's fair-value estimate is 22% below its share price, so COKE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "COKE vs PM: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/coke-vs-pm
| Metric | COKE | PM |
|---|---|---|
| Forward yield | 0.49% | 3.18% |
| Annual dividend | $1.00 | $6.40 |
| Payout ratio | 13% | 88% |
| Years of growth | 3 yr | 13 yr |
| 5-yr dividend growth | 58.5% | 3.5% |
| 5-yr total return | 269% | 143% |
| Dividend safety score | 99 (A) | 73 (B) |
| Fair value estimate | $168.89 | $156.61 |
| Upside to fair value | -21% | -22% |
| Frequency | quarterly | quarterly |
| Market cap | $14.1B | $314.1B |
| P/E ratio | 24.9 | 29.4 |
Higher yield
PM
3.18%
Safer dividend
COKE
Grade A
Faster growth
COKE
58.5%
Better value
COKE
-21% upside
COKE vs PM — FAQ
Is COKE or PM a better dividend stock?
On the data, COKE wins more head-to-head categories (5 vs 3). PM offers the higher yield (3.18%), while COKE has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, COKE or PM?
PM has the higher forward dividend yield at 3.18%, versus 0.49% for COKE.
Is COKE or PM safer?
COKE has the higher dividend-safety score (99/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is COKE or PM better value right now?
As of Nov 6, 2026, COKE looks like the better value: its fair-value estimate is 21% below its share price (overvalued). For PM, its fair-value estimate is 22% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.