SmarterDividends

AZN vs MRK: Which Is the Better Dividend Stock?

As of September 2026, MRK (Merck & Co., Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. MRK offers the higher yield at 2.31%, MRK has the higher dividend-safety score, and MRK trades at the larger discount to fair value (-8%).

MetricAZNMRK
Forward yield1.93%2.31%
Annual dividend$3.20$3.40
Payout ratio47%269%
Years of growth2 yr15 yr
5-yr dividend growth2.3%6.7%
5-yr total return33%67%
Dividend safety score76 (B)88 (A)
Fair value estimate$144.99$135.77
Upside to fair value-13%-8%
Frequencysemiannualquarterly
Market cap$257.6B$362.4B
P/E ratio24.9117.5

Higher yield

MRK

2.31%

Safer dividend

MRK

Grade A

Faster growth

MRK

6.7%

Better value

MRK

-8% upside

AZN vs MRK — FAQ

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