HRL vs PM: Which Is the Better Dividend Stock?
As of September 2026, HRL and PM are closely matched. HRL offers the higher yield at 5.61%, PM has the higher dividend-safety score, and HRL trades at the larger discount to fair value (+64%).
| Metric | HRL | PM |
|---|---|---|
| Forward yield | 5.61% | 3.10% |
| Annual dividend | $1.17 | $5.88 |
| Payout ratio | 188% | 81% |
| Years of growth | 24 yr | 13 yr |
| 5-yr dividend growth | 4.5% | 3.5% |
| 5-yr total return | -50% | 102% |
| Dividend safety score | 71 (B) | 72 (B) |
| Fair value estimate | $33.73 | $174.11 |
| Upside to fair value | +64% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $11.3B | $297.8B |
| P/E ratio | 33.7 | 26.0 |
Higher yield
HRL
5.61%
Safer dividend
PM
Grade B
Faster growth
HRL
4.5%
Better value
HRL
+64% upside
HRL vs PM — FAQ
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