AJG vs JPM: Which Is the Better Dividend Stock?
As of Oct 18, 2026, JPM (JPMorgan Chase & Co.) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. JPM offers the higher yield at 1.94%, AJG has the higher dividend-safety score, and JPM looks like the better value (its fair-value estimate is 7% above its share price).
Key facts: AJG vs JPM
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, JPMorgan Chase & Co. (JPM) has the higher forward dividend yield at 1.94%, versus 1.10% for Arthur J. Gallagher & Co. (AJG).
- As of Oct 18, 2026, SmarterDividends grades AJG's dividend safety A (97/100) and JPM's A (82/100).
- By SmarterDividends' count as of Oct 18, 2026, AJG has raised its dividend for 15 consecutive years and JPM for 15.
- As of Oct 18, 2026, AJG pays out 45% of its earnings as dividends and JPM pays out 26%.
- As of Oct 18, 2026, AJG's fair-value estimate is 55% below its share price and JPM's fair-value estimate is 7% above its share price, so JPM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AJG vs JPM: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ajg-vs-jpm
| Metric | AJG | JPM |
|---|---|---|
| Forward yield | 1.10% | 1.94% |
| Annual dividend | $2.80 | $6.60 |
| Payout ratio | 45% | 26% |
| Years of growth | 15 yr | 15 yr |
| 5-yr dividend growth | 7.6% | 9.0% |
| 5-yr total return | 56% | 114% |
| Dividend safety score | 97 (A) | 82 (A) |
| Fair value estimate | $115.43 | $364.60 |
| Upside to fair value | -55% | +7% |
| Frequency | quarterly | quarterly |
| Market cap | $65.3B | $902.2B |
| P/E ratio | 42.3 | 14.3 |
Higher yield
JPM
1.94%
Safer dividend
AJG
Grade A
Faster growth
JPM
9.0%
Better value
JPM
+7% upside
AJG vs JPM — FAQ
Is AJG or JPM a better dividend stock?
On the data, JPM wins more head-to-head categories (6 vs 1). JPM offers the higher yield (1.94%), while AJG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AJG or JPM?
JPM has the higher forward dividend yield at 1.94%, versus 1.10% for AJG.
Is AJG or JPM safer?
AJG has the higher dividend-safety score (97/100 vs 82/100), reflecting stronger payout coverage and dividend-growth history.
Is AJG or JPM better value right now?
As of Oct 18, 2026, JPM looks like the better value: its fair-value estimate is 7% above its share price (fairly valued). For AJG, its fair-value estimate is 55% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.