KMB vs PM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, KMB and PM are closely matched. KMB offers the higher yield at 4.67%, KMB has the higher dividend-safety score, and KMB looks like the better value (its fair-value estimate is 23% above its share price).
Key facts: KMB vs PM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Kimberly-Clark Corporation (KMB) has the higher forward dividend yield at 4.67%, versus 3.17% for Philip Morris International Inc. (PM).
- As of Oct 27, 2026, SmarterDividends grades KMB's dividend safety A (80/100) and PM's B (77/100).
- By SmarterDividends' count as of Oct 27, 2026, KMB has raised its dividend for 40 consecutive years and PM for 13.
- As of Oct 27, 2026, KMB pays out 100% of its earnings as dividends and PM pays out 84%.
- As of Oct 27, 2026, KMB's fair-value estimate is 23% above its share price and PM's fair-value estimate is 21% below its share price, so KMB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "KMB vs PM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/kmb-vs-pm
| Metric | KMB | PM |
|---|---|---|
| Forward yield | 4.67% | 3.17% |
| Annual dividend | $5.12 | $6.40 |
| Payout ratio | 100% | 84% |
| Years of growth | 40 yr | 13 yr |
| 5-yr dividend growth | 3.3% | 3.5% |
| 5-yr total return | -15% | 132% |
| Dividend safety score | 80 (A) | 77 (B) |
| Fair value estimate | $134.59 | $159.37 |
| Upside to fair value | +23% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $36.4B | $314.6B |
| P/E ratio | 21.6 | 29.5 |
Higher yield
KMB
4.67%
Safer dividend
KMB
Grade A
Faster growth
PM
3.5%
Better value
KMB
+23% upside
KMB vs PM — FAQ
Is KMB or PM a better dividend stock?
KMB and PM are closely matched. KMB has the higher yield; KMB scores better on safety.
Which has a higher dividend yield, KMB or PM?
KMB has the higher forward dividend yield at 4.67%, versus 3.17% for PM.
Is KMB or PM safer?
KMB has the higher dividend-safety score (80/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is KMB or PM better value right now?
As of Oct 27, 2026, KMB looks like the better value: its fair-value estimate is 23% above its share price (undervalued). For PM, its fair-value estimate is 21% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.