ABBV vs CVS: Which Is the Better Dividend Stock?
As of Nov 6, 2026, ABBV and CVS are closely matched. CVS offers the higher yield at 3.27%, CVS has the higher dividend-safety score, and CVS looks like the better value (its fair-value estimate is 45% above its share price).
Key facts: ABBV vs CVS
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, CVS Health Corporation (CVS) has the higher forward dividend yield at 3.27%, versus 2.40% for AbbVie Inc. (ABBV).
- As of Nov 6, 2026, SmarterDividends grades ABBV's dividend safety A (80/100) and CVS's A (91/100).
- By SmarterDividends' count as of Nov 6, 2026, ABBV has raised its dividend for 12 consecutive years and CVS for 0.
- As of Nov 6, 2026, ABBV pays out 117% of its earnings as dividends and CVS pays out 31%.
- As of Nov 6, 2026, ABBV's fair-value estimate is 33% below its share price and CVS's fair-value estimate is 45% above its share price, so CVS looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ABBV vs CVS: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/abbv-vs-cvs
| Metric | ABBV | CVS |
|---|---|---|
| Forward yield | 2.40% | 3.27% |
| Annual dividend | $6.92 | $2.66 |
| Payout ratio | 117% | 31% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 6.8% | 5.9% |
| 5-yr total return | 156% | 1% |
| Dividend safety score | 80 (A) | 91 (A) |
| Fair value estimate | $192.09 | $118.19 |
| Upside to fair value | -33% | +45% |
| Frequency | quarterly | quarterly |
| Market cap | $509.5B | $104.1B |
| P/E ratio | 50.7 | 9.4 |
Higher yield
CVS
3.27%
Safer dividend
CVS
Grade A
Faster growth
ABBV
6.8%
Better value
CVS
+45% upside
ABBV vs CVS — FAQ
Is ABBV or CVS a better dividend stock?
ABBV and CVS are closely matched. CVS has the higher yield; CVS scores better on safety.
Which has a higher dividend yield, ABBV or CVS?
CVS has the higher forward dividend yield at 3.27%, versus 2.40% for ABBV.
Is ABBV or CVS safer?
CVS has the higher dividend-safety score (91/100 vs 80/100), reflecting stronger payout coverage and dividend-growth history.
Is ABBV or CVS better value right now?
As of Nov 6, 2026, CVS looks like the better value: its fair-value estimate is 45% above its share price (undervalued). For ABBV, its fair-value estimate is 33% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.