COST vs PM: Which Is the Better Dividend Stock?
As of June 2026, COST (Costco Wholesale Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. PM offers the higher yield at 3.19%, COST has the higher dividend-safety score, and PM trades at the larger discount to fair value (-9%).
| Metric | COST | PM |
|---|---|---|
| Forward yield | 0.60% | 3.19% |
| Annual dividend | $5.88 | $5.88 |
| Payout ratio | 27% | 81% |
| Years of growth | 21 yr | 13 yr |
| 5-yr dividend growth | 13.2% | 3.5% |
| 5-yr total return | 148% | 86% |
| Dividend safety score | 95 (A) | 70 (B) |
| Fair value estimate | $425.48 | $168.41 |
| Upside to fair value | -57% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $435.7B | $287.2B |
| P/E ratio | 49.5 | 26.0 |
Higher yield
PM
3.19%
Safer dividend
COST
Grade A
Faster growth
COST
13.2%
Better value
PM
-9% upside
COST vs PM — FAQ
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