PG vs PM: Which Is the Better Dividend Stock?
As of August 2026, PG and PM are closely matched. PM offers the higher yield at 3.15%, PG has the higher dividend-safety score, and PM trades at the larger discount to fair value (-8%).
| Metric | PG | PM |
|---|---|---|
| Forward yield | 3.00% | 3.15% |
| Annual dividend | $4.35 | $5.88 |
| Payout ratio | 64% | 81% |
| Years of growth | 42 yr | 13 yr |
| 5-yr dividend growth | 6.0% | 3.5% |
| 5-yr total return | 1% | 85% |
| Dividend safety score | 90 (A) | 72 (B) |
| Fair value estimate | $133.08 | $175.85 |
| Upside to fair value | -8% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $341.2B | $294.5B |
| P/E ratio | 22.4 | 25.6 |
Higher yield
PM
3.15%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
PM
-8% upside
PG vs PM — FAQ
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