EL vs PM: Which Is the Better Dividend Stock?
As of Nov 6, 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 3.18%, PM has the higher dividend-safety score, and PM looks like the better value (its fair-value estimate is 22% below its share price).
Key facts: EL 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 1.30% for The Estée Lauder Companies Inc. (EL).
- As of Nov 6, 2026, SmarterDividends grades EL's dividend safety C (52/100) and PM's B (73/100).
- By SmarterDividends' count as of Nov 6, 2026, EL has raised its dividend for 0 consecutive years and PM for 13.
- As of Nov 6, 2026, EL pays out 140% of its earnings as dividends and PM pays out 88%.
- As of Nov 6, 2026, EL's fair-value estimate is 31% below its share price and PM's fair-value estimate is 22% below its share price, so PM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "EL vs PM: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/el-vs-pm
| Metric | EL | PM |
|---|---|---|
| Forward yield | 1.30% | 3.18% |
| Annual dividend | $1.40 | $6.40 |
| Payout ratio | 140% | 88% |
| Years of growth | 0 yr | 13 yr |
| 5-yr dividend growth | -6.8% | 3.5% |
| 5-yr total return | -67% | 143% |
| Dividend safety score | 52 (C) | 73 (B) |
| Fair value estimate | $73.90 | $156.61 |
| Upside to fair value | -31% | -22% |
| Frequency | quarterly | quarterly |
| Market cap | $39.0B | $314.1B |
| P/E ratio | 107.7 | 29.4 |
Higher yield
PM
3.18%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
PM
-22% upside
EL vs PM — FAQ
Is EL or PM a better dividend stock?
On the data, PM wins more head-to-head categories (8 vs 0). PM offers the higher yield (3.18%), while PM has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, EL or PM?
PM has the higher forward dividend yield at 3.18%, versus 1.30% for EL.
Is EL or PM safer?
PM has the higher dividend-safety score (73/100 vs 52/100), reflecting stronger payout coverage and dividend-growth history.
Is EL or PM better value right now?
As of Nov 6, 2026, PM looks like the better value: its fair-value estimate is 22% below its share price (overvalued). For EL, its fair-value estimate is 31% below its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.