PM vs STZ: Which Is the Better Dividend Stock?
As of September 2026, STZ (Constellation Brands, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. STZ offers the higher yield at 3.46%, STZ has the higher dividend-safety score, and STZ trades at the larger discount to fair value (+56%).
| Metric | PM | STZ |
|---|---|---|
| Forward yield | 3.12% | 3.46% |
| Annual dividend | $5.88 | $4.12 |
| Payout ratio | 81% | 39% |
| Years of growth | 13 yr | 10 yr |
| 5-yr dividend growth | 3.5% | 6.3% |
| 5-yr total return | 100% | -45% |
| Dividend safety score | 72 (B) | 80 (A) |
| Fair value estimate | $173.38 | $185.14 |
| Upside to fair value | -8% | +56% |
| Frequency | quarterly | quarterly |
| Market cap | $294.0B | $20.3B |
| P/E ratio | 25.9 | 11.3 |
Higher yield
STZ
3.46%
Safer dividend
STZ
Grade A
Faster growth
STZ
6.3%
Better value
STZ
+56% upside
PM vs STZ — FAQ
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