FLO vs PM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, FLO and PM are closely matched. FLO offers the higher yield at 8.14%, PM has the higher dividend-safety score, and FLO looks like the better value (its fair-value estimate is 34% above its share price).
Key facts: FLO vs PM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Flowers Foods, Inc. (FLO) has the higher forward dividend yield at 8.14%, versus 3.17% for Philip Morris International Inc. (PM).
- As of Oct 27, 2026, SmarterDividends grades FLO's dividend safety C (50/100) and PM's B (77/100).
- By SmarterDividends' count as of Oct 27, 2026, FLO has raised its dividend for 23 consecutive years and PM for 13.
- As of Oct 27, 2026, FLO pays out 321% of its earnings as dividends and PM pays out 84%.
- As of Oct 27, 2026, FLO's fair-value estimate is 34% above its share price and PM's fair-value estimate is 21% below its share price, so FLO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "FLO vs PM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/flo-vs-pm
| Metric | FLO | PM |
|---|---|---|
| Forward yield | 8.14% | 3.17% |
| Annual dividend | $0.50 | $6.40 |
| Payout ratio | 321% | 84% |
| Years of growth | 23 yr | 13 yr |
| 5-yr dividend growth | 4.5% | 3.5% |
| 5-yr total return | -76% | 132% |
| Dividend safety score | 50 (C) | 77 (B) |
| Fair value estimate | $8.20 | $159.37 |
| Upside to fair value | +34% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $1.3B | $314.6B |
| P/E ratio | 22.7 | 29.5 |
Higher yield
FLO
8.14%
Safer dividend
PM
Grade B
Faster growth
FLO
4.5%
Better value
FLO
+34% upside
FLO vs PM — FAQ
Is FLO or PM a better dividend stock?
FLO and PM are closely matched. FLO has the higher yield; PM scores better on safety.
Which has a higher dividend yield, FLO or PM?
FLO has the higher forward dividend yield at 8.14%, versus 3.17% for PM.
Is FLO or PM safer?
PM has the higher dividend-safety score (77/100 vs 50/100), reflecting stronger payout coverage and dividend-growth history.
Is FLO or PM better value right now?
As of Oct 27, 2026, FLO looks like the better value: its fair-value estimate is 34% above its share price (undervalued). For PM, its fair-value estimate is 21% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.