PM vs SJM: Which Is the Better Dividend Stock?
As of Nov 5, 2026, PM and SJM are closely matched. SJM offers the higher yield at 3.38%, SJM has the higher dividend-safety score, and PM looks like the better value (its fair-value estimate is 24% below its share price).
Key facts: PM vs SJM
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, The J. M. Smucker Company (SJM) has the higher forward dividend yield at 3.38%, versus 3.03% for Philip Morris International Inc. (PM).
- As of Nov 5, 2026, SmarterDividends grades PM's dividend safety B (73/100) and SJM's A (88/100).
- By SmarterDividends' count as of Nov 5, 2026, PM has raised its dividend for 13 consecutive years and SJM for 24.
- As of Nov 5, 2026, PM pays out 88% of its earnings as dividends and SJM pays out 206%.
- As of Nov 5, 2026, PM's fair-value estimate is 24% below its share price and SJM's fair-value estimate is 38% below its share price, so PM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PM vs SJM: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/pm-vs-sjm
| Metric | PM | SJM |
|---|---|---|
| Forward yield | 3.03% | 3.38% |
| Annual dividend | $6.40 | $4.48 |
| Payout ratio | 88% | 206% |
| Years of growth | 13 yr | 24 yr |
| 5-yr dividend growth | 3.5% | 4.1% |
| 5-yr total return | 143% | 3% |
| Dividend safety score | 73 (B) | 88 (A) |
| Fair value estimate | $156.61 | $81.95 |
| Upside to fair value | -24% | -38% |
| Frequency | quarterly | quarterly |
| Market cap | $320.8B | $14.2B |
| P/E ratio | 30.1 | 62.2 |
Higher yield
SJM
3.38%
Safer dividend
SJM
Grade A
Faster growth
SJM
4.1%
Better value
PM
-24% upside
PM vs SJM — FAQ
Is PM or SJM a better dividend stock?
PM and SJM are closely matched. SJM has the higher yield; SJM scores better on safety.
Which has a higher dividend yield, PM or SJM?
SJM has the higher forward dividend yield at 3.38%, versus 3.03% for PM.
Is PM or SJM safer?
SJM has the higher dividend-safety score (88/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is PM or SJM better value right now?
As of Nov 5, 2026, PM looks like the better value: its fair-value estimate is 24% below its share price (overvalued). For SJM, its fair-value estimate is 38% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.