CL vs PM: 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. PM offers the higher yield at 3.08%, CL has the higher dividend-safety score, and CL trades at the larger discount to fair value (-6%).
| Metric | CL | PM |
|---|---|---|
| Forward yield | 2.44% | 3.08% |
| Annual dividend | $2.12 | $5.88 |
| Payout ratio | 82% | 81% |
| Years of growth | 52 yr | 13 yr |
| 5-yr dividend growth | 3.3% | 3.5% |
| 5-yr total return | 15% | 102% |
| Dividend safety score | 88 (A) | 72 (B) |
| Fair value estimate | $81.28 | $173.73 |
| Upside to fair value | -6% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $70.1B | $303.7B |
| P/E ratio | 34.6 | 26.8 |
Higher yield
PM
3.08%
Safer dividend
CL
Grade A
Faster growth
PM
3.5%
Better value
CL
-6% upside
CL vs PM — FAQ
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