PM vs WMT: Which Is the Better Dividend Stock?
As of September 2026, WMT (Walmart Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PM offers the higher yield at 3.12%, WMT has the higher dividend-safety score, and PM trades at the larger discount to fair value (-8%).
| Metric | PM | WMT |
|---|---|---|
| Forward yield | 3.12% | 0.93% |
| Annual dividend | $5.88 | $0.99 |
| Payout ratio | 81% | 35% |
| Years of growth | 13 yr | 50 yr |
| 5-yr dividend growth | 3.5% | 5.5% |
| 5-yr total return | 100% | 114% |
| Dividend safety score | 72 (B) | 91 (A) |
| Fair value estimate | $173.38 | $62.79 |
| Upside to fair value | -8% | -41% |
| Frequency | quarterly | quarterly |
| Market cap | $294.0B | $846.8B |
| P/E ratio | 25.9 | 38.7 |
Higher yield
PM
3.12%
Safer dividend
WMT
Grade A
Faster growth
WMT
5.5%
Better value
PM
-8% upside
PM vs WMT — FAQ
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