FMX vs PM: Which Is the Better Dividend Stock?
As of September 2026, FMX and PM are closely matched. FMX offers the higher yield at 5.02%, PM has the higher dividend-safety score, and FMX trades at the larger discount to fair value (+35%).
| Metric | FMX | PM |
|---|---|---|
| Forward yield | 5.02% | 3.10% |
| Annual dividend | $5.90 | $5.88 |
| Payout ratio | 139% | 81% |
| Years of growth | 1 yr | 13 yr |
| 5-yr dividend growth | 17.0% | 3.5% |
| 5-yr total return | 35% | 102% |
| Dividend safety score | 48 (D) | 72 (B) |
| Fair value estimate | $157.39 | $174.11 |
| Upside to fair value | +35% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $39.8B | $297.8B |
| P/E ratio | 22.7 | 26.0 |
Higher yield
FMX
5.02%
Safer dividend
PM
Grade B
Faster growth
FMX
17.0%
Better value
FMX
+35% upside
FMX vs PM — FAQ
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