MDLZ vs PM: Which Is the Better Dividend Stock?
As of Nov 6, 2026, MDLZ and PM are closely matched. PM offers the higher yield at 3.18%, MDLZ has the higher dividend-safety score, and MDLZ looks like the better value (its fair-value estimate is 18% below its share price).
Key facts: MDLZ vs PM
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Philip Morris International Inc. (PM) has the higher forward dividend yield at 3.18%, versus 3.11% for Mondelez International, Inc. (MDLZ).
- As of Nov 6, 2026, SmarterDividends grades MDLZ's dividend safety B (75/100) and PM's B (73/100).
- By SmarterDividends' count as of Nov 6, 2026, MDLZ has raised its dividend for 12 consecutive years and PM for 13.
- As of Nov 6, 2026, MDLZ pays out 64% of its earnings as dividends and PM pays out 88%.
- As of Nov 6, 2026, MDLZ's fair-value estimate is 18% below its share price and PM's fair-value estimate is 22% below its share price, so MDLZ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MDLZ vs PM: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/mdlz-vs-pm
| Metric | MDLZ | PM |
|---|---|---|
| Forward yield | 3.11% | 3.18% |
| Annual dividend | $2.08 | $6.40 |
| Payout ratio | 64% | 88% |
| Years of growth | 12 yr | 13 yr |
| 5-yr dividend growth | 10.1% | 3.5% |
| 5-yr total return | 10% | 143% |
| Dividend safety score | 75 (B) | 73 (B) |
| Fair value estimate | $54.59 | $156.61 |
| Upside to fair value | -18% | -22% |
| Frequency | quarterly | quarterly |
| Market cap | $84.6B | $314.1B |
| P/E ratio | 21.1 | 29.4 |
Higher yield
PM
3.18%
Safer dividend
MDLZ
Grade B
Faster growth
MDLZ
10.1%
Better value
MDLZ
-18% upside
MDLZ vs PM — FAQ
Is MDLZ or PM a better dividend stock?
MDLZ and PM are closely matched. PM has the higher yield; MDLZ scores better on safety.
Which has a higher dividend yield, MDLZ or PM?
PM has the higher forward dividend yield at 3.18%, versus 3.11% for MDLZ.
Is MDLZ or PM safer?
MDLZ has the higher dividend-safety score (75/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is MDLZ or PM better value right now?
As of Nov 6, 2026, MDLZ looks like the better value: its fair-value estimate is 18% below its share price (overvalued). For PM, its fair-value estimate is 22% below its share price.
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