FMX vs PM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, FMX and PM are closely matched. FMX offers the higher yield at 3.66%, PM has the higher dividend-safety score, and FMX looks like the better value (its fair-value estimate is 27% above its share price).
Key facts: FMX vs PM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has the higher forward dividend yield at 3.66%, versus 3.17% for Philip Morris International Inc. (PM).
- As of Oct 27, 2026, SmarterDividends grades FMX's dividend safety C (55/100) and PM's B (77/100).
- By SmarterDividends' count as of Oct 27, 2026, FMX has raised its dividend for 1 consecutive years and PM for 13.
- As of Oct 27, 2026, FMX pays out 49% of its earnings as dividends and PM pays out 84%.
- As of Oct 27, 2026, FMX's fair-value estimate is 27% above its share price and PM's fair-value estimate is 21% below its share price, so FMX looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "FMX vs PM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/fmx-vs-pm
| Metric | FMX | PM |
|---|---|---|
| Forward yield | 3.66% | 3.17% |
| Annual dividend | $4.57 | $6.40 |
| Payout ratio | 49% | 84% |
| Years of growth | 1 yr | 13 yr |
| 5-yr dividend growth | 17.0% | 3.5% |
| 5-yr total return | 82% | 132% |
| Dividend safety score | 55 (C) | 77 (B) |
| Fair value estimate | $158.69 | $159.37 |
| Upside to fair value | +27% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $42.6B | $314.6B |
| P/E ratio | 8.9 | 29.5 |
Higher yield
FMX
3.66%
Safer dividend
PM
Grade B
Faster growth
FMX
17.0%
Better value
FMX
+27% upside
FMX vs PM — FAQ
Is FMX or PM a better dividend stock?
FMX and PM are closely matched. FMX has the higher yield; PM scores better on safety.
Which has a higher dividend yield, FMX or PM?
FMX has the higher forward dividend yield at 3.66%, versus 3.17% for PM.
Is FMX or PM safer?
PM has the higher dividend-safety score (77/100 vs 55/100), reflecting stronger payout coverage and dividend-growth history.
Is FMX or PM better value right now?
As of Oct 27, 2026, FMX looks like the better value: its fair-value estimate is 27% above its share price (undervalued). For PM, its fair-value estimate is 21% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.