MKC vs PM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, MKC (McCormick & Company, Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. MKC offers the higher yield at 4.00%, MKC has the higher dividend-safety score, and MKC looks like the better value (its fair-value estimate is 63% above its share price).
Key facts: MKC vs PM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, McCormick & Company, Incorporated (MKC) has the higher forward dividend yield at 4.00%, versus 3.17% for Philip Morris International Inc. (PM).
- As of Oct 27, 2026, SmarterDividends grades MKC's dividend safety A (90/100) and PM's B (77/100).
- By SmarterDividends' count as of Oct 27, 2026, MKC has raised its dividend for 31 consecutive years and PM for 13.
- As of Oct 27, 2026, MKC pays out 34% of its earnings as dividends and PM pays out 84%.
- As of Oct 27, 2026, MKC's fair-value estimate is 63% above its share price and PM's fair-value estimate is 21% below its share price, so MKC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MKC vs PM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/mkc-vs-pm
| Metric | MKC | PM |
|---|---|---|
| Forward yield | 4.00% | 3.17% |
| Annual dividend | $1.92 | $6.40 |
| Payout ratio | 34% | 84% |
| Years of growth | 31 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 | $78.04 | $159.37 |
| Upside to fair value | +63% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $12.9B | $314.6B |
| P/E ratio | 8.7 | 29.5 |
Higher yield
MKC
4.00%
Safer dividend
MKC
Grade A
Faster growth
MKC
7.6%
Better value
MKC
+63% upside
MKC vs PM — FAQ
Is MKC or PM a better dividend stock?
On the data, MKC wins more head-to-head categories (6 vs 2). MKC offers the higher yield (4.00%), while MKC 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 or PM?
MKC has the higher forward dividend yield at 4.00%, versus 3.17% for PM.
Is MKC or PM safer?
MKC has the higher dividend-safety score (90/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is MKC or PM better value right now?
As of Oct 27, 2026, MKC looks like the better value: its fair-value estimate is 63% 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.