SmarterDividends

FMX vs WMT: Which Is the Better Dividend Stock?

As of September 2026, FMX and WMT are closely matched. FMX offers the higher yield at 5.02%, WMT has the higher dividend-safety score, and FMX trades at the larger discount to fair value (+31%).

MetricFMXWMT
Forward yield5.02%0.94%
Annual dividend$5.90$0.99
Payout ratio139%35%
Years of growth1 yr50 yr
5-yr dividend growth17.0%5.5%
5-yr total return35%131%
Dividend safety score48 (D)91 (A)
Fair value estimate$157.31$62.79
Upside to fair value+31%-41%
Frequencyquarterlyquarterly
Market cap$39.8B$852.7B
P/E ratio22.738.3

Higher yield

FMX

5.02%

Safer dividend

WMT

Grade A

Faster growth

FMX

17.0%

Better value

FMX

+31% upside

FMX vs WMT — FAQ

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