KO vs PM: Which Is the Better Dividend Stock?
As of Nov 5, 2026, KO and PM are closely matched. PM offers the higher yield at 3.03%, KO has the higher dividend-safety score, and PM looks like the better value (its fair-value estimate is 24% below its share price).
Key facts: KO vs PM
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Philip Morris International Inc. (PM) has the higher forward dividend yield at 3.03%, versus 2.21% for The Coca-Cola Company (KO).
- As of Nov 5, 2026, SmarterDividends grades KO's dividend safety A (92/100) and PM's B (73/100).
- By SmarterDividends' count as of Nov 5, 2026, KO has raised its dividend for 55 consecutive years and PM for 13.
- As of Nov 5, 2026, KO pays out 62% of its earnings as dividends and PM pays out 88%.
- As of Nov 5, 2026, KO's fair-value estimate is 51% below its share price and PM's fair-value estimate is 24% below its share price, so PM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "KO vs PM: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/ko-vs-pm
| Metric | KO | PM |
|---|---|---|
| Forward yield | 2.21% | 3.03% |
| Annual dividend | $2.12 | $6.40 |
| Payout ratio | 62% | 88% |
| Years of growth | 55 yr | 13 yr |
| 5-yr dividend growth | 4.5% | 3.5% |
| 5-yr total return | 81% | 143% |
| Dividend safety score | 92 (A) | 73 (B) |
| Fair value estimate | $47.18 | $156.61 |
| Upside to fair value | -51% | -24% |
| Frequency | quarterly | quarterly |
| Market cap | $413.9B | $320.8B |
| P/E ratio | 28.4 | 30.1 |
Higher yield
PM
3.03%
Safer dividend
KO
Grade A
Faster growth
KO
4.5%
Better value
PM
-24% upside
KO vs PM — FAQ
Is KO or PM a better dividend stock?
KO and PM are closely matched. PM has the higher yield; KO scores better on safety.
Which has a higher dividend yield, KO or PM?
PM has the higher forward dividend yield at 3.03%, versus 2.21% for KO.
Is KO or PM safer?
KO has the higher dividend-safety score (92/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is KO or PM better value right now?
As of Nov 5, 2026, PM looks like the better value: its fair-value estimate is 24% below its share price (overvalued). For KO, its fair-value estimate is 51% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.