PM vs TAP: Which Is the Better Dividend Stock?
As of Oct 27, 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. TAP offers the higher yield at 4.80%, PM has the higher dividend-safety score, and TAP looks like the better value (its fair-value estimate is 162% above its share price).
Key facts: PM vs TAP
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Molson Coors Beverage Company (TAP) has the higher forward dividend yield at 4.80%, versus 3.17% for Philip Morris International Inc. (PM).
- As of Oct 27, 2026, SmarterDividends grades PM's dividend safety B (77/100) and TAP's C (64/100).
- By SmarterDividends' count as of Oct 27, 2026, PM has raised its dividend for 13 consecutive years and TAP for 4.
- As of Oct 27, 2026, PM pays out 84% of its earnings as dividends and TAP pays out 36%.
- As of Oct 27, 2026, PM's fair-value estimate is 21% below its share price and TAP's fair-value estimate is 162% above its share price, so TAP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PM vs TAP: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/pm-vs-tap
| Metric | PM | TAP |
|---|---|---|
| Forward yield | 3.17% | 4.80% |
| Annual dividend | $6.40 | $1.92 |
| Payout ratio | 84% | 36% |
| Years of growth | 13 yr | 4 yr |
| 5-yr dividend growth | 3.5% | -3.8% |
| 5-yr total return | 132% | -7% |
| Dividend safety score | 77 (B) | 64 (C) |
| Fair value estimate | $159.37 | $104.67 |
| Upside to fair value | -21% | +162% |
| Frequency | quarterly | quarterly |
| Market cap | $314.6B | $7.5B |
| P/E ratio | 29.5 | — |
Higher yield
TAP
4.80%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
TAP
+162% upside
PM vs TAP — FAQ
Is PM or TAP a better dividend stock?
On the data, PM wins more head-to-head categories (5 vs 3). TAP offers the higher yield (4.80%), while PM has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, PM or TAP?
TAP has the higher forward dividend yield at 4.80%, versus 3.17% for PM.
Is PM or TAP safer?
PM has the higher dividend-safety score (77/100 vs 64/100), reflecting stronger payout coverage and dividend-growth history.
Is PM or TAP better value right now?
As of Oct 27, 2026, TAP looks like the better value: its fair-value estimate is 162% above its share price (undervalued). For PM, its fair-value estimate is 21% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.