INGR vs PM: Which Is the Better Dividend Stock?
As of Oct 2, 2026, INGR (Ingredion Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. INGR offers the higher yield at 3.47%, INGR has the higher dividend-safety score, and INGR looks like the better value (its fair-value estimate is 26% above its share price).
Key facts: INGR vs PM
Data as of · Source: SmarterDividends data
- As of Oct 2, 2026, Ingredion Incorporated (INGR) has the higher forward dividend yield at 3.47%, versus 3.35% for Philip Morris International Inc. (PM).
- As of Oct 2, 2026, SmarterDividends grades INGR's dividend safety A (93/100) and PM's B (70/100).
- By SmarterDividends' count as of Oct 2, 2026, INGR has raised its dividend for 15 consecutive years and PM for 13.
- As of Oct 2, 2026, INGR pays out 36% of its earnings as dividends and PM pays out 81%.
- As of Oct 2, 2026, INGR's fair-value estimate is 26% above its share price and PM's fair-value estimate is 14% below its share price, so INGR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "INGR vs PM: Dividend Yield, Safety & Value Compared," updated Oct 2, 2026, https://smarterdividends.com/compare/ingr-vs-pm
| Metric | INGR | PM |
|---|---|---|
| Forward yield | 3.47% | 3.35% |
| Annual dividend | $3.32 | $6.40 |
| Payout ratio | 36% | 81% |
| Years of growth | 15 yr | 13 yr |
| 5-yr dividend growth | 4.9% | 3.5% |
| 5-yr total return | 2% | 101% |
| Dividend safety score | 93 (A) | 70 (B) |
| Fair value estimate | $119.30 | $162.10 |
| Upside to fair value | +26% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $6.0B | $293.3B |
| P/E ratio | 10.4 | 26.2 |
Higher yield
INGR
3.47%
Safer dividend
INGR
Grade A
Faster growth
INGR
4.9%
Better value
INGR
+26% upside
INGR vs PM — FAQ
Is INGR or PM a better dividend stock?
On the data, INGR wins more head-to-head categories (6 vs 2). INGR offers the higher yield (3.47%), while INGR has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, INGR or PM?
INGR has the higher forward dividend yield at 3.47%, versus 3.35% for PM.
Is INGR or PM safer?
INGR has the higher dividend-safety score (93/100 vs 70/100), reflecting stronger payout coverage and dividend-growth history.
Is INGR or PM better value right now?
As of Oct 2, 2026, INGR looks like the better value: its fair-value estimate is 26% above its share price (undervalued). For PM, its fair-value estimate is 14% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.