PM vs TGT: Which Is the Better Dividend Stock?
As of Nov 6, 2026, TGT (Target Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PM offers the higher yield at 3.18%, TGT has the higher dividend-safety score, and TGT looks like the better value (its fair-value estimate is 2% below its share price).
Key facts: PM vs TGT
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Philip Morris International Inc. (PM) has the higher forward dividend yield at 3.18%, versus 2.94% for Target Corporation (TGT).
- As of Nov 6, 2026, SmarterDividends grades PM's dividend safety B (73/100) and TGT's A (93/100).
- By SmarterDividends' count as of Nov 6, 2026, PM has raised its dividend for 13 consecutive years and TGT for 42.
- As of Nov 6, 2026, PM pays out 88% of its earnings as dividends and TGT pays out 47%.
- As of Nov 6, 2026, PM's fair-value estimate is 22% below its share price and TGT's fair-value estimate is 2% below its share price, so TGT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PM vs TGT: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/pm-vs-tgt
| Metric | PM | TGT |
|---|---|---|
| Forward yield | 3.18% | 2.94% |
| Annual dividend | $6.40 | $4.64 |
| Payout ratio | 88% | 47% |
| Years of growth | 13 yr | 42 yr |
| 5-yr dividend growth | 3.5% | 11.0% |
| 5-yr total return | 143% | -37% |
| Dividend safety score | 73 (B) | 93 (A) |
| Fair value estimate | $156.61 | $155.41 |
| Upside to fair value | -22% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $314.1B | $71.8B |
| P/E ratio | 29.4 | 16.4 |
Higher yield
PM
3.18%
Safer dividend
TGT
Grade A
Faster growth
TGT
11.0%
Better value
TGT
-2% upside
PM vs TGT — FAQ
Is PM or TGT a better dividend stock?
On the data, TGT wins more head-to-head categories (5 vs 3). PM offers the higher yield (3.18%), while TGT 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 TGT?
PM has the higher forward dividend yield at 3.18%, versus 2.94% for TGT.
Is PM or TGT safer?
TGT has the higher dividend-safety score (93/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is PM or TGT better value right now?
As of Nov 6, 2026, TGT looks like the better value: its fair-value estimate is 2% below its share price (fairly valued). For PM, its fair-value estimate is 22% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.