AMGN vs JNJ: Which Is the Better Dividend Stock?
As of Nov 2, 2026, AMGN (Amgen Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. AMGN offers the higher yield at 2.16%, JNJ has the higher dividend-safety score, and JNJ looks like the better value (its fair-value estimate is 27% below its share price).
Key facts: AMGN vs JNJ
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, Amgen Inc. (AMGN) has the higher forward dividend yield at 2.16%, versus 1.96% for Johnson & Johnson (JNJ).
- As of Nov 2, 2026, SmarterDividends grades AMGN's dividend safety A (82/100) and JNJ's A (93/100).
- By SmarterDividends' count as of Nov 2, 2026, AMGN has raised its dividend for 14 consecutive years and JNJ for 55.
- As of Nov 2, 2026, AMGN pays out 61% of its earnings as dividends and JNJ pays out 80%.
- As of Nov 2, 2026, AMGN's fair-value estimate is 42% below its share price and JNJ's fair-value estimate is 27% below its share price, so JNJ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMGN vs JNJ: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/amgn-vs-jnj
| Metric | AMGN | JNJ |
|---|---|---|
| Forward yield | 2.16% | 1.96% |
| Annual dividend | $10.08 | $5.36 |
| Payout ratio | 61% | 80% |
| Years of growth | 14 yr | 55 yr |
| 5-yr dividend growth | 8.3% | 5.2% |
| 5-yr total return | 134% | 75% |
| Dividend safety score | 82 (A) | 93 (A) |
| Fair value estimate | $268.80 | $199.73 |
| Upside to fair value | -42% | -27% |
| Frequency | quarterly | quarterly |
| Market cap | $251.9B | $657.7B |
| P/E ratio | 28.9 | 41.5 |
Higher yield
AMGN
2.16%
Safer dividend
JNJ
Grade A
Faster growth
AMGN
8.3%
Better value
JNJ
-27% upside
AMGN vs JNJ — FAQ
Is AMGN or JNJ a better dividend stock?
On the data, AMGN wins more head-to-head categories (5 vs 3). AMGN offers the higher yield (2.16%), while JNJ has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AMGN or JNJ?
AMGN has the higher forward dividend yield at 2.16%, versus 1.96% for JNJ.
Is AMGN or JNJ safer?
JNJ has the higher dividend-safety score (93/100 vs 82/100), reflecting stronger payout coverage and dividend-growth history.
Is AMGN or JNJ better value right now?
As of Nov 2, 2026, JNJ looks like the better value: its fair-value estimate is 27% below its share price (overvalued). For AMGN, its fair-value estimate is 42% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.