PM vs SJM: Which Is the Better Dividend Stock?
As of September 2026, PM and SJM are closely matched. SJM offers the higher yield at 3.70%, SJM has the higher dividend-safety score, and PM trades at the larger discount to fair value (-9%).
| Metric | PM | SJM |
|---|---|---|
| Forward yield | 3.10% | 3.70% |
| Annual dividend | $5.88 | $4.48 |
| Payout ratio | 81% | 206% |
| Years of growth | 13 yr | 24 yr |
| 5-yr dividend growth | 3.5% | 4.1% |
| 5-yr total return | 102% | 1% |
| Dividend safety score | 72 (B) | 86 (A) |
| Fair value estimate | $174.11 | $105.84 |
| Upside to fair value | -9% | -13% |
| Frequency | quarterly | quarterly |
| Market cap | $297.8B | $12.9B |
| P/E ratio | 26.0 | 56.6 |
Higher yield
SJM
3.70%
Safer dividend
SJM
Grade A
Faster growth
SJM
4.1%
Better value
PM
-9% upside
PM vs SJM — FAQ
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