PM vs UL: Which Is the Better Dividend Stock?
As of September 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. UL offers the higher yield at 3.43%, PM has the higher dividend-safety score, and UL trades at the larger discount to fair value (+15%).
| Metric | PM | UL |
|---|---|---|
| Forward yield | 3.12% | 3.43% |
| Annual dividend | $5.88 | $2.12 |
| Payout ratio | 81% | 77% |
| Years of growth | 13 yr | 3 yr |
| 5-yr dividend growth | 3.5% | 1.9% |
| 5-yr total return | 100% | 2% |
| Dividend safety score | 72 (B) | 55 (C) |
| Fair value estimate | $173.38 | $71.00 |
| Upside to fair value | -8% | +15% |
| Frequency | quarterly | quarterly |
| Market cap | $294.0B | $133.1B |
| P/E ratio | 25.9 | 21.2 |
Higher yield
UL
3.43%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
UL
+15% upside
PM vs UL — FAQ
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