MZTI vs PM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, MZTI (The Marzetti Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MZTI offers the higher yield at 3.67%, MZTI has the higher dividend-safety score, and PM looks like the better value (its fair-value estimate is 21% below its share price).
Key facts: MZTI vs PM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, The Marzetti Company (MZTI) has the higher forward dividend yield at 3.67%, versus 3.17% for Philip Morris International Inc. (PM).
- As of Oct 27, 2026, SmarterDividends grades MZTI's dividend safety A (88/100) and PM's B (77/100).
- By SmarterDividends' count as of Oct 27, 2026, MZTI has raised its dividend for 39 consecutive years and PM for 13.
- As of Oct 27, 2026, MZTI pays out 57% of its earnings as dividends and PM pays out 84%.
- As of Oct 27, 2026, MZTI's fair-value estimate is 25% below its share price and PM's fair-value estimate is 21% below its share price, so PM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MZTI vs PM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/mzti-vs-pm
| Metric | MZTI | PM |
|---|---|---|
| Forward yield | 3.67% | 3.17% |
| Annual dividend | $4.00 | $6.40 |
| Payout ratio | 57% | 84% |
| Years of growth | 39 yr | 13 yr |
| 5-yr dividend growth | 6.2% | 3.5% |
| 5-yr total return | -25% | 132% |
| Dividend safety score | 88 (A) | 77 (B) |
| Fair value estimate | $81.67 | $159.37 |
| Upside to fair value | -25% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $3.0B | $314.6B |
| P/E ratio | 15.6 | 29.5 |
Higher yield
MZTI
3.67%
Safer dividend
MZTI
Grade A
Faster growth
MZTI
6.2%
Better value
PM
-21% upside
MZTI vs PM — FAQ
Is MZTI or PM a better dividend stock?
On the data, MZTI wins more head-to-head categories (5 vs 3). MZTI offers the higher yield (3.67%), while MZTI has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MZTI or PM?
MZTI has the higher forward dividend yield at 3.67%, versus 3.17% for PM.
Is MZTI or PM safer?
MZTI has the higher dividend-safety score (88/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is MZTI or PM better value right now?
As of Oct 27, 2026, PM looks like the better value: its fair-value estimate is 21% below its share price (overvalued). For MZTI, its fair-value estimate is 25% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.