KDP vs PM: Which Is the Better Dividend Stock?
As of Nov 6, 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. PM offers the higher yield at 3.18%, PM has the higher dividend-safety score, and PM looks like the better value (its fair-value estimate is 22% below its share price).
Key facts: KDP vs PM
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Philip Morris International Inc. (PM) has the higher forward dividend yield at 3.18%, versus 2.49% for Keurig Dr Pepper Inc. (KDP).
- As of Nov 6, 2026, SmarterDividends grades KDP's dividend safety B (68/100) and PM's B (73/100).
- By SmarterDividends' count as of Nov 6, 2026, KDP has raised its dividend for 5 consecutive years and PM for 13.
- As of Nov 6, 2026, KDP pays out 93% of its earnings as dividends and PM pays out 88%.
- As of Nov 6, 2026, KDP's fair-value estimate is 38% below its share price and PM's fair-value estimate is 22% below its share price, so PM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "KDP vs PM: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/kdp-vs-pm
| Metric | KDP | PM |
|---|---|---|
| Forward yield | 2.49% | 3.18% |
| Annual dividend | $0.92 | $6.40 |
| Payout ratio | 93% | 88% |
| Years of growth | 5 yr | 13 yr |
| 5-yr dividend growth | 8.9% | 3.5% |
| 5-yr total return | 5% | 143% |
| Dividend safety score | 68 (B) | 73 (B) |
| Fair value estimate | $22.71 | $156.61 |
| Upside to fair value | -38% | -22% |
| Frequency | quarterly | quarterly |
| Market cap | $50.2B | $314.1B |
| P/E ratio | 33.2 | 29.4 |
Higher yield
PM
3.18%
Safer dividend
PM
Grade B
Faster growth
KDP
8.9%
Better value
PM
-22% upside
KDP vs PM — FAQ
Is KDP or PM a better dividend stock?
On the data, PM wins more head-to-head categories (7 vs 1). PM offers the higher yield (3.18%), while PM has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, KDP or PM?
PM has the higher forward dividend yield at 3.18%, versus 2.49% for KDP.
Is KDP or PM safer?
PM has the higher dividend-safety score (73/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is KDP or PM better value right now?
As of Nov 6, 2026, PM looks like the better value: its fair-value estimate is 22% below its share price (overvalued). For KDP, its fair-value estimate is 38% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.