MO vs PM: Which Is the Better Dividend Stock?
As of July 2026, MO (Altria Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MO offers the higher yield at 5.88%, MO has the higher dividend-safety score, and MO trades at the larger discount to fair value (+42%).
| Metric | MO | PM |
|---|---|---|
| Forward yield | 5.88% | 3.08% |
| Annual dividend | $4.24 | $5.88 |
| Payout ratio | 88% | 81% |
| Years of growth | 17 yr | 13 yr |
| 5-yr dividend growth | 4.1% | 3.5% |
| 5-yr total return | 45% | 87% |
| Dividend safety score | 80 (A) | 76 (B) |
| Fair value estimate | $103.73 | $175.93 |
| Upside to fair value | +42% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $121.9B | $300.8B |
| P/E ratio | 15.0 | 26.3 |
Higher yield
MO
5.88%
Safer dividend
MO
Grade A
Faster growth
MO
4.1%
Better value
MO
+42% upside
MO vs PM — FAQ
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