EL vs PM: Which Is the Better Dividend Stock?
As of September 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 8 of 8 head-to-head metrics. PM offers the higher yield at 3.12%, PM has the higher dividend-safety score, and PM trades at the larger discount to fair value (-8%).
| Metric | EL | PM |
|---|---|---|
| Forward yield | 1.50% | 3.12% |
| Annual dividend | $1.40 | $5.88 |
| Payout ratio | 280% | 81% |
| Years of growth | 0 yr | 13 yr |
| 5-yr dividend growth | -6.8% | 3.5% |
| 5-yr total return | -71% | 100% |
| Dividend safety score | 52 (C) | 72 (B) |
| Fair value estimate | $73.73 | $173.38 |
| Upside to fair value | -21% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $33.8B | $294.0B |
| P/E ratio | 186.9 | 25.9 |
Higher yield
PM
3.12%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
PM
-8% upside
EL vs PM — FAQ
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