HRL vs PM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, HRL and PM are closely matched. HRL offers the higher yield at 5.58%, PM has the higher dividend-safety score, and HRL looks like the better value (its fair-value estimate is 35% above its share price).
Key facts: HRL vs PM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Hormel Foods Corporation (HRL) has the higher forward dividend yield at 5.58%, versus 3.17% for Philip Morris International Inc. (PM).
- As of Oct 27, 2026, SmarterDividends grades HRL's dividend safety B (76/100) and PM's B (77/100).
- By SmarterDividends' count as of Oct 27, 2026, HRL has raised its dividend for 24 consecutive years and PM for 13.
- As of Oct 27, 2026, HRL pays out 188% of its earnings as dividends and PM pays out 84%.
- As of Oct 27, 2026, HRL's fair-value estimate is 35% above its share price and PM's fair-value estimate is 21% below its share price, so HRL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HRL vs PM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/hrl-vs-pm
| Metric | HRL | PM |
|---|---|---|
| Forward yield | 5.58% | 3.17% |
| Annual dividend | $1.17 | $6.40 |
| Payout ratio | 188% | 84% |
| Years of growth | 24 yr | 13 yr |
| 5-yr dividend growth | 4.5% | 3.5% |
| 5-yr total return | -49% | 132% |
| Dividend safety score | 76 (B) | 77 (B) |
| Fair value estimate | $28.33 | $159.37 |
| Upside to fair value | +35% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $11.5B | $314.6B |
| P/E ratio | 33.8 | 29.5 |
Higher yield
HRL
5.58%
Safer dividend
PM
Grade B
Faster growth
HRL
4.5%
Better value
HRL
+35% upside
HRL vs PM — FAQ
Is HRL or PM a better dividend stock?
HRL and PM are closely matched. HRL has the higher yield; PM scores better on safety.
Which has a higher dividend yield, HRL or PM?
HRL has the higher forward dividend yield at 5.58%, versus 3.17% for PM.
Is HRL or PM safer?
PM has the higher dividend-safety score (77/100 vs 76/100), reflecting stronger payout coverage and dividend-growth history.
Is HRL or PM better value right now?
As of Oct 27, 2026, HRL looks like the better value: its fair-value estimate is 35% 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.