CVS vs JNJ: Which Is the Better Dividend Stock?
As of September 2026, JNJ (Johnson & Johnson) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVS offers the higher yield at 2.99%, JNJ has the higher dividend-safety score, and CVS trades at the larger discount to fair value (+57%).
| Metric | CVS | JNJ |
|---|---|---|
| Forward yield | 2.99% | 1.99% |
| Annual dividend | $2.66 | $5.36 |
| Payout ratio | 70% | 61% |
| Years of growth | 0 yr | 55 yr |
| 5-yr dividend growth | 5.9% | 5.2% |
| 5-yr total return | -0% | 66% |
| Dividend safety score | 91 (A) | 93 (A) |
| Fair value estimate | $139.35 | $240.60 |
| Upside to fair value | +57% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $113.6B | $650.6B |
| P/E ratio | 23.4 | 31.4 |
Higher yield
CVS
2.99%
Safer dividend
JNJ
Grade A
Faster growth
CVS
5.9%
Better value
CVS
+57% upside
CVS vs JNJ — FAQ
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