PM vs TPB: Which Is the Better Dividend Stock?
As of Oct 18, 2026, PM and TPB are closely matched. PM offers the higher yield at 3.12%, TPB has the higher dividend-safety score, and TPB looks like the better value (its fair-value estimate is 10% above its share price).
Key facts: PM vs TPB
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Philip Morris International Inc. (PM) has the higher forward dividend yield at 3.12%, versus 0.51% for Turning Point Brands, Inc. (TPB).
- As of Oct 18, 2026, SmarterDividends grades PM's dividend safety B (72/100) and TPB's A (83/100).
- By SmarterDividends' count as of Oct 18, 2026, PM has raised its dividend for 13 consecutive years and TPB for 8.
- As of Oct 18, 2026, PM pays out 84% of its earnings as dividends and TPB pays out 13%.
- As of Oct 18, 2026, PM's fair-value estimate is 21% below its share price and TPB's fair-value estimate is 10% above its share price, so TPB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PM vs TPB: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/pm-vs-tpb
| Metric | PM | TPB |
|---|---|---|
| Forward yield | 3.12% | 0.51% |
| Annual dividend | $6.40 | $0.32 |
| Payout ratio | 84% | 13% |
| Years of growth | 13 yr | 8 yr |
| 5-yr dividend growth | 3.5% | 8.4% |
| 5-yr total return | 139% | 65% |
| Dividend safety score | 72 (B) | 83 (A) |
| Fair value estimate | $161.23 | $68.61 |
| Upside to fair value | -21% | +10% |
| Frequency | quarterly | quarterly |
| Market cap | $319.8B | $1.2B |
| P/E ratio | 29.5 | 27.0 |
Higher yield
PM
3.12%
Safer dividend
TPB
Grade A
Faster growth
TPB
8.4%
Better value
TPB
+10% upside
PM vs TPB — FAQ
Is PM or TPB a better dividend stock?
PM and TPB are closely matched. PM has the higher yield; TPB scores better on safety.
Which has a higher dividend yield, PM or TPB?
PM has the higher forward dividend yield at 3.12%, versus 0.51% for TPB.
Is PM or TPB safer?
TPB has the higher dividend-safety score (83/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is PM or TPB better value right now?
As of Oct 18, 2026, TPB looks like the better value: its fair-value estimate is 10% above its share price (fairly valued). 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.