HSY vs PM: Which Is the Better Dividend Stock?
As of Nov 6, 2026, HSY (The Hershey Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HSY offers the higher yield at 3.27%, HSY has the higher dividend-safety score, and HSY looks like the better value (its fair-value estimate is 14% above its share price).
Key facts: HSY vs PM
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, The Hershey Company (HSY) has the higher forward dividend yield at 3.27%, versus 3.18% for Philip Morris International Inc. (PM).
- As of Nov 6, 2026, SmarterDividends grades HSY's dividend safety A (89/100) and PM's B (73/100).
- By SmarterDividends' count as of Nov 6, 2026, HSY has raised its dividend for 0 consecutive years and PM for 13.
- As of Nov 6, 2026, HSY pays out 65% of its earnings as dividends and PM pays out 88%.
- As of Nov 6, 2026, HSY's fair-value estimate is 14% above its share price and PM's fair-value estimate is 22% below its share price, so HSY looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSY vs PM: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/hsy-vs-pm
| Metric | HSY | PM |
|---|---|---|
| Forward yield | 3.27% | 3.18% |
| Annual dividend | $5.81 | $6.40 |
| Payout ratio | 65% | 88% |
| Years of growth | 0 yr | 13 yr |
| 5-yr dividend growth | 11.7% | 3.5% |
| 5-yr total return | -7% | 143% |
| Dividend safety score | 89 (A) | 73 (B) |
| Fair value estimate | $202.35 | $156.61 |
| Upside to fair value | +14% | -22% |
| Frequency | quarterly | quarterly |
| Market cap | $35.7B | $314.1B |
| P/E ratio | 20.1 | 29.4 |
Higher yield
HSY
3.27%
Safer dividend
HSY
Grade A
Faster growth
HSY
11.7%
Better value
HSY
+14% upside
HSY vs PM — FAQ
Is HSY or PM a better dividend stock?
On the data, HSY wins more head-to-head categories (5 vs 3). HSY offers the higher yield (3.27%), while HSY has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HSY or PM?
HSY has the higher forward dividend yield at 3.27%, versus 3.18% for PM.
Is HSY or PM safer?
HSY has the higher dividend-safety score (89/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is HSY or PM better value right now?
As of Nov 6, 2026, HSY looks like the better value: its fair-value estimate is 14% above its share price (fairly valued). For PM, its fair-value estimate is 22% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.