PM vs TGT: Which Is the Better Dividend Stock?
As of July 2026, TGT (Target Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. TGT offers the higher yield at 3.32%, TGT has the higher dividend-safety score, and PM trades at the larger discount to fair value (-10%).
| Metric | PM | TGT |
|---|---|---|
| Forward yield | 3.05% | 3.32% |
| Annual dividend | $5.88 | $4.64 |
| Payout ratio | 81% | 60% |
| Years of growth | 13 yr | 42 yr |
| 5-yr dividend growth | 3.5% | 11.0% |
| 5-yr total return | 87% | -43% |
| Dividend safety score | 70 (B) | 90 (A) |
| Fair value estimate | $172.87 | $105.93 |
| Upside to fair value | -10% | -24% |
| Frequency | quarterly | quarterly |
| Market cap | $300.4B | $63.4B |
| P/E ratio | 27.2 | 18.4 |
Higher yield
TGT
3.32%
Safer dividend
TGT
Grade A
Faster growth
TGT
11.0%
Better value
PM
-10% upside
PM vs TGT — FAQ
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