PM vs UL: Which Is the Better Dividend Stock?
As of Nov 6, 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PM offers the higher yield at 3.18%, PM has the higher dividend-safety score, and UL looks like the better value (its fair-value estimate is 9% above its share price).
Key facts: PM vs UL
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 3.08% for Unilever PLC (UL).
- As of Nov 6, 2026, SmarterDividends grades PM's dividend safety B (73/100) and UL's C (57/100).
- By SmarterDividends' count as of Nov 6, 2026, PM has raised its dividend for 13 consecutive years and UL for 3.
- As of Nov 6, 2026, PM pays out 88% of its earnings as dividends and UL pays out 46%.
- As of Nov 6, 2026, PM's fair-value estimate is 22% below its share price and UL's fair-value estimate is 9% above its share price, so UL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PM vs UL: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/pm-vs-ul
| Metric | PM | UL |
|---|---|---|
| Forward yield | 3.18% | 3.08% |
| Annual dividend | $6.40 | $2.09 |
| Payout ratio | 88% | 46% |
| Years of growth | 13 yr | 3 yr |
| 5-yr dividend growth | 3.5% | 1.9% |
| 5-yr total return | 143% | 14% |
| Dividend safety score | 73 (B) | 57 (C) |
| Fair value estimate | $156.61 | $74.10 |
| Upside to fair value | -22% | +9% |
| Frequency | quarterly | quarterly |
| Market cap | $314.1B | $145.8B |
| P/E ratio | 29.4 | 13.7 |
Higher yield
PM
3.18%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
UL
+9% upside
PM vs UL — FAQ
Is PM or UL a better dividend stock?
On the data, PM wins more head-to-head categories (6 vs 2). PM offers the higher yield (3.18%), 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 UL?
PM has the higher forward dividend yield at 3.18%, versus 3.08% for UL.
Is PM or UL safer?
PM has the higher dividend-safety score (73/100 vs 57/100), reflecting stronger payout coverage and dividend-growth history.
Is PM or UL better value right now?
As of Nov 6, 2026, UL looks like the better value: its fair-value estimate is 9% above its share price (fairly valued). For PM, its fair-value estimate is 22% below its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.