SmarterDividends

PM vs TPB: Which Is the Better Dividend Stock?

As of June 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. PM offers the higher yield at 3.23%, TPB has the higher dividend-safety score, and PM trades at the larger discount to fair value (-9%).

MetricPMTPB
Forward yield3.23%0.47%
Annual dividend$5.76$0.31
Payout ratio
Years of growth13 yr8 yr
5-yr dividend growth3.5%8.4%
5-yr total return86%80%
Dividend safety score70 (B)82 (A)
Fair value estimate$168.41$26.97
Upside to fair value-9%-67%
Frequencyquarterlyquarterly
Market cap$278.0B$1.6B
P/E ratio25.128.1

Higher yield

PM

3.23%

Safer dividend

TPB

Grade A

Faster growth

TPB

8.4%

Better value

PM

-9% upside

PM vs TPB — FAQ

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