KO vs PM: Which Is the Better Dividend Stock?
As of July 2026, KO and PM are closely matched. PM offers the higher yield at 2.94%, KO has the higher dividend-safety score, and PM trades at the larger discount to fair value (-11%).
| Metric | KO | PM |
|---|---|---|
| Forward yield | 2.40% | 2.94% |
| Annual dividend | $2.12 | $5.88 |
| Payout ratio | 65% | 81% |
| Years of growth | 55 yr | 13 yr |
| 5-yr dividend growth | 4.5% | 3.5% |
| 5-yr total return | 46% | 87% |
| Dividend safety score | 92 (A) | 72 (B) |
| Fair value estimate | $50.52 | $172.70 |
| Upside to fair value | -39% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $383.3B | $309.3B |
| P/E ratio | 27.8 | 27.5 |
Higher yield
PM
2.94%
Safer dividend
KO
Grade A
Faster growth
KO
4.5%
Better value
PM
-11% upside
KO vs PM — FAQ
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.