CL vs PM: Which Is the Better Dividend Stock?
As of July 2026, CL and PM are closely matched. PM offers the higher yield at 2.94%, CL has the higher dividend-safety score, and CL trades at the larger discount to fair value (-10%).
| Metric | CL | PM |
|---|---|---|
| Forward yield | 2.29% | 2.94% |
| Annual dividend | $2.12 | $5.88 |
| Payout ratio | 81% | 81% |
| Years of growth | 52 yr | 13 yr |
| 5-yr dividend growth | 3.3% | 3.5% |
| 5-yr total return | 16% | 87% |
| Dividend safety score | 88 (A) | 72 (B) |
| Fair value estimate | $81.54 | $172.70 |
| Upside to fair value | -10% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $74.8B | $309.3B |
| P/E ratio | 36.0 | 27.5 |
Higher yield
PM
2.94%
Safer dividend
CL
Grade A
Faster growth
PM
3.5%
Better value
CL
-10% upside
CL vs PM — FAQ
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