MGPI vs PM: Which Is the Better Dividend Stock?
As of Oct 18, 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. MGPI offers the higher yield at 3.17%, PM has the higher dividend-safety score, and MGPI looks like the better value (its fair-value estimate is 11% below its share price).
Key facts: MGPI vs PM
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, MGP Ingredients, Inc. (MGPI) has the higher forward dividend yield at 3.17%, versus 3.12% for Philip Morris International Inc. (PM).
- As of Oct 18, 2026, SmarterDividends grades MGPI's dividend safety C (61/100) and PM's B (72/100).
- By SmarterDividends' count as of Oct 18, 2026, MGPI has raised its dividend for 0 consecutive years and PM for 13.
- As of Oct 18, 2026, MGPI pays out 98% of its earnings as dividends and PM pays out 84%.
- As of Oct 18, 2026, MGPI's fair-value estimate is 11% below its share price and PM's fair-value estimate is 21% below its share price, so MGPI looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MGPI vs PM: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/mgpi-vs-pm
| Metric | MGPI | PM |
|---|---|---|
| Forward yield | 3.17% | 3.12% |
| Annual dividend | $0.48 | $6.40 |
| Payout ratio | 98% | 84% |
| Years of growth | 0 yr | 13 yr |
| 5-yr dividend growth | 0.0% | 3.5% |
| 5-yr total return | -81% | 139% |
| Dividend safety score | 61 (C) | 72 (B) |
| Fair value estimate | $13.39 | $161.23 |
| Upside to fair value | -11% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $323.8M | $319.8B |
| P/E ratio | — | 29.5 |
Higher yield
MGPI
3.17%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
MGPI
-11% upside
MGPI vs PM — FAQ
Is MGPI or PM a better dividend stock?
On the data, PM wins more head-to-head categories (6 vs 2). MGPI offers the higher yield (3.17%), while PM has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MGPI or PM?
MGPI has the higher forward dividend yield at 3.17%, versus 3.12% for PM.
Is MGPI or PM safer?
PM has the higher dividend-safety score (72/100 vs 61/100), reflecting stronger payout coverage and dividend-growth history.
Is MGPI or PM better value right now?
As of Oct 18, 2026, MGPI looks like the better value: its fair-value estimate is 11% below its share price (fairly valued). For PM, its fair-value estimate is 21% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.