MO vs WMT: Which Is the Better Dividend Stock?
As of September 2026, WMT (Walmart Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MO offers the higher yield at 6.45%, WMT has the higher dividend-safety score, and MO trades at the larger discount to fair value (+47%).
| Metric | MO | WMT |
|---|---|---|
| Forward yield | 6.45% | 0.94% |
| Annual dividend | $4.44 | $0.99 |
| Payout ratio | 89% | 35% |
| Years of growth | 17 yr | 50 yr |
| 5-yr dividend growth | 4.1% | 5.5% |
| 5-yr total return | 52% | 131% |
| Dividend safety score | 80 (A) | 91 (A) |
| Fair value estimate | $101.21 | $62.79 |
| Upside to fair value | +47% | -41% |
| Frequency | quarterly | quarterly |
| Market cap | $115.2B | $852.7B |
| P/E ratio | 14.5 | 38.3 |
Higher yield
MO
6.45%
Safer dividend
WMT
Grade A
Faster growth
WMT
5.5%
Better value
MO
+47% upside
MO vs WMT — FAQ
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