KDP vs PM: Which Is the Better Dividend Stock?
As of July 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PM offers the higher yield at 3.05%, PM has the higher dividend-safety score, and PM trades at the larger discount to fair value (-10%).
| Metric | KDP | PM |
|---|---|---|
| Forward yield | 2.98% | 3.05% |
| Annual dividend | $0.92 | $5.88 |
| Payout ratio | 68% | 81% |
| Years of growth | 5 yr | 13 yr |
| 5-yr dividend growth | 8.9% | 3.5% |
| 5-yr total return | -13% | 87% |
| Dividend safety score | 68 (B) | 70 (B) |
| Fair value estimate | $26.46 | $172.87 |
| Upside to fair value | -14% | -10% |
| Frequency | quarterly | quarterly |
| Market cap | $41.4B | $300.4B |
| P/E ratio | 22.9 | 27.2 |
Higher yield
PM
3.05%
Safer dividend
PM
Grade B
Faster growth
KDP
8.9%
Better value
PM
-10% upside
KDP vs PM — FAQ
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