KMB vs PM: Which Is the Better Dividend Stock?
As of September 2026, KMB and PM are closely matched. KMB offers the higher yield at 5.20%, KMB has the higher dividend-safety score, and KMB trades at the larger discount to fair value (+57%).
| Metric | KMB | PM |
|---|---|---|
| Forward yield | 5.20% | 3.10% |
| Annual dividend | $5.12 | $5.88 |
| Payout ratio | 100% | 81% |
| Years of growth | 40 yr | 13 yr |
| 5-yr dividend growth | 3.3% | 3.5% |
| 5-yr total return | -26% | 102% |
| Dividend safety score | 77 (B) | 72 (B) |
| Fair value estimate | $154.30 | $174.11 |
| Upside to fair value | +57% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $32.6B | $297.8B |
| P/E ratio | 19.4 | 26.0 |
Higher yield
KMB
5.20%
Safer dividend
KMB
Grade B
Faster growth
PM
3.5%
Better value
KMB
+57% upside
KMB vs PM — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.