SmarterDividends

CPB vs PM: Which Is the Better Dividend Stock?

As of July 2026, CPB and PM are closely matched. CPB offers the higher yield at 7.07%, CPB has the higher dividend-safety score, and CPB trades at the larger discount to fair value (+14%).

MetricCPBPM
Forward yield7.07%3.05%
Annual dividend$1.56$5.88
Payout ratio76%81%
Years of growth1 yr13 yr
5-yr dividend growth2.2%3.5%
5-yr total return-47%87%
Dividend safety score73 (B)70 (B)
Fair value estimate$25.21$172.87
Upside to fair value+14%-10%
Frequencyquarterlyquarterly
Market cap$6.6B$300.4B
P/E ratio10.827.2

Higher yield

CPB

7.07%

Safer dividend

CPB

Grade B

Faster growth

PM

3.5%

Better value

CPB

+14% upside

CPB vs PM — FAQ

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