PM vs TAP: Which Is the Better Dividend Stock?
As of July 2026, PM (Philip Morris International Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. TAP offers the higher yield at 4.69%, PM has the higher dividend-safety score, and TAP trades at the larger discount to fair value (+40%).
| Metric | PM | TAP |
|---|---|---|
| Forward yield | 3.05% | 4.69% |
| Annual dividend | $5.88 | $1.92 |
| Payout ratio | 81% | 36% |
| Years of growth | 13 yr | 4 yr |
| 5-yr dividend growth | 3.5% | -3.8% |
| 5-yr total return | 87% | -14% |
| Dividend safety score | 70 (B) | 61 (C) |
| Fair value estimate | $172.87 | $57.37 |
| Upside to fair value | -10% | +40% |
| Frequency | quarterly | quarterly |
| Market cap | $300.4B | $7.8B |
| P/E ratio | 27.2 | — |
Higher yield
TAP
4.69%
Safer dividend
PM
Grade B
Faster growth
PM
3.5%
Better value
TAP
+40% upside
PM vs TAP — FAQ
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