AMGN vs UNH: Which Is the Better Dividend Stock?
As of Nov 2, 2026, UNH (UnitedHealth Group Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. UNH offers the higher yield at 2.28%, UNH has the higher dividend-safety score, and UNH looks like the better value (its fair-value estimate is 25% above its share price).
Key facts: AMGN vs UNH
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, UnitedHealth Group Incorporated (UNH) has the higher forward dividend yield at 2.28%, versus 2.16% for Amgen Inc. (AMGN).
- As of Nov 2, 2026, SmarterDividends grades AMGN's dividend safety A (82/100) and UNH's A (89/100).
- By SmarterDividends' count as of Nov 2, 2026, AMGN has raised its dividend for 14 consecutive years and UNH for 16.
- As of Nov 2, 2026, AMGN pays out 61% of its earnings as dividends and UNH pays out 58%.
- As of Nov 2, 2026, AMGN's fair-value estimate is 42% below its share price and UNH's fair-value estimate is 25% above its share price, so UNH looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMGN vs UNH: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/amgn-vs-unh
| Metric | AMGN | UNH |
|---|---|---|
| Forward yield | 2.16% | 2.28% |
| Annual dividend | $10.08 | $9.28 |
| Payout ratio | 61% | 58% |
| Years of growth | 14 yr | 16 yr |
| 5-yr dividend growth | 8.3% | 12.6% |
| 5-yr total return | 134% | -8% |
| Dividend safety score | 82 (A) | 89 (A) |
| Fair value estimate | $268.80 | $506.68 |
| Upside to fair value | -42% | +25% |
| Frequency | quarterly | quarterly |
| Market cap | $251.9B | $365.3B |
| P/E ratio | 28.9 | 23.2 |
Higher yield
UNH
2.28%
Safer dividend
UNH
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+25% upside
AMGN vs UNH — FAQ
Is AMGN or UNH a better dividend stock?
On the data, UNH wins more head-to-head categories (6 vs 2). UNH offers the higher yield (2.28%), while UNH 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 UNH?
UNH has the higher forward dividend yield at 2.28%, versus 2.16% for AMGN.
Is AMGN or UNH safer?
UNH has the higher dividend-safety score (89/100 vs 82/100), reflecting stronger payout coverage and dividend-growth history.
Is AMGN or UNH better value right now?
As of Nov 2, 2026, UNH looks like the better value: its fair-value estimate is 25% above its share price (undervalued). 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.