Investors love tobacco stocks for their great dividends, but many have a hard time deciding which one is the best place for their money today. 

Two of the best operators, Altria (NYSE: MO) and Philip Morris (NYSE: PM) are cut from the same cloth, but their futures look very different. 

Altria has a better dividend and is cheaper compared to the cash flow you receive, but Philip Morris has the potential to top into faster population growth in emerging markets.

Given that, Fool analyst Austin Smith believes Philip Morris is worth paying the slight premium for and that it is a better dividend stock for your money today.

 

Austin Smith owns shares of Philip Morris International. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.