KMB vs PM: Which Is the Better Dividend Stock?
As of July 2026, KMB and PM are closely matched. KMB offers the higher yield at 4.73%, KMB has the higher dividend-safety score, and KMB trades at the larger discount to fair value (+41%).
| Metric | KMB | PM |
|---|---|---|
| Forward yield | 4.73% | 3.05% |
| Annual dividend | $5.12 | $5.88 |
| Payout ratio | 98% | 81% |
| Years of growth | 40 yr | 13 yr |
| 5-yr dividend growth | 3.3% | 3.5% |
| 5-yr total return | -21% | 87% |
| Dividend safety score | 82 (A) | 70 (B) |
| Fair value estimate | $152.52 | $172.87 |
| Upside to fair value | +41% | -10% |
| Frequency | quarterly | quarterly |
| Market cap | $36.0B | $300.4B |
| P/E ratio | 21.0 | 27.2 |
Higher yield
KMB
4.73%
Safer dividend
KMB
Grade A
Faster growth
PM
3.5%
Better value
KMB
+41% upside
KMB vs PM — FAQ
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