PM vs SJM: Which Is the Better Dividend Stock?
As of September 2026, PM and SJM are closely matched. SJM offers the higher yield at 3.70%, SJM has the higher dividend-safety score, and PM trades at the larger discount to fair value (-8%).
| Metric | PM | SJM |
|---|---|---|
| Forward yield | 3.36% | 3.70% |
| Annual dividend | $6.40 | $4.48 |
| Payout ratio | 81% | 206% |
| Years of growth | 13 yr | 24 yr |
| 5-yr dividend growth | 3.5% | 4.1% |
| 5-yr total return | 100% | 0% |
| Dividend safety score | 72 (B) | 88 (A) |
| Fair value estimate | $173.38 | $105.82 |
| Upside to fair value | -8% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $297.4B | $13.1B |
| P/E ratio | 26.1 | 56.9 |
Higher yield
SJM
3.70%
Safer dividend
SJM
Grade A
Faster growth
SJM
4.1%
Better value
PM
-8% upside
PM vs SJM — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.