MKC-V vs PM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, MKC-V (McCormick & Company, Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. MKC-V offers the higher yield at 3.98%, MKC-V has the higher dividend-safety score, and MKC-V looks like the better value (its fair-value estimate is 85% above its share price).
Key facts: MKC-V vs PM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, McCormick & Company, Incorporated (MKC-V) has the higher forward dividend yield at 3.98%, versus 3.17% for Philip Morris International Inc. (PM).
- As of Oct 27, 2026, SmarterDividends grades MKC-V's dividend safety A (90/100) and PM's B (77/100).
- By SmarterDividends' count as of Oct 27, 2026, MKC-V has raised its dividend for 22 consecutive years and PM for 13.
- As of Oct 27, 2026, MKC-V pays out 34% of its earnings as dividends and PM pays out 84%.
- As of Oct 27, 2026, MKC-V's fair-value estimate is 85% above its share price and PM's fair-value estimate is 21% below its share price, so MKC-V looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MKC-V vs PM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/mkc-v-vs-pm
| Metric | MKC-V | PM |
|---|---|---|
| Forward yield | 3.98% | 3.17% |
| Annual dividend | $1.92 | $6.40 |
| Payout ratio | 34% | 84% |
| Years of growth | 22 yr | 13 yr |
| 5-yr dividend growth | 7.6% | 3.5% |
| 5-yr total return | -44% | 132% |
| Dividend safety score | 90 (A) | 77 (B) |
| Fair value estimate | $89.34 | $159.37 |
| Upside to fair value | +85% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $13.0B | $314.6B |
| P/E ratio | 8.7 | 29.5 |
Higher yield
MKC-V
3.98%
Safer dividend
MKC-V
Grade A
Faster growth
MKC-V
7.6%
Better value
MKC-V
+85% upside
MKC-V vs PM — FAQ
Is MKC-V or PM a better dividend stock?
On the data, MKC-V wins more head-to-head categories (6 vs 2). MKC-V offers the higher yield (3.98%), while MKC-V has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MKC-V or PM?
MKC-V has the higher forward dividend yield at 3.98%, versus 3.17% for PM.
Is MKC-V or PM safer?
MKC-V has the higher dividend-safety score (90/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is MKC-V or PM better value right now?
As of Oct 27, 2026, MKC-V looks like the better value: its fair-value estimate is 85% above its share price (undervalued). 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.