SmarterDividends

KR vs PM: Which Is the Better Dividend Stock?

As of September 2026, KR (The Kroger Co.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PM offers the higher yield at 3.36%, KR has the higher dividend-safety score, and KR trades at the larger discount to fair value (-8%).

MetricKRPM
Forward yield2.66%3.36%
Annual dividend$1.56$6.40
Payout ratio76%81%
Years of growth19 yr13 yr
5-yr dividend growth14.5%3.5%
5-yr total return50%100%
Dividend safety score81 (A)72 (B)
Fair value estimate$55.40$173.38
Upside to fair value-8%-8%
Frequencyquarterlyquarterly
Market cap$34.0B$297.4B
P/E ratio31.726.1

Higher yield

PM

3.36%

Safer dividend

KR

Grade A

Faster growth

KR

14.5%

Better value

KR

-8% upside

KR vs PM — FAQ

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