CVS vs UNH: Which Is the Better Dividend Stock?
As of July 2026, UNH (UnitedHealth Group Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. CVS offers the higher yield at 2.47%, UNH has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+35%).
| Metric | CVS | UNH |
|---|---|---|
| Forward yield | 2.47% | 2.20% |
| Annual dividend | $2.66 | $9.28 |
| Payout ratio | 117% | 67% |
| Years of growth | 0 yr | 16 yr |
| 5-yr dividend growth | 5.9% | 12.6% |
| 5-yr total return | 24% | 2% |
| Dividend safety score | 85 (A) | 89 (A) |
| Fair value estimate | $126.39 | $573.15 |
| Upside to fair value | +18% | +35% |
| Frequency | quarterly | quarterly |
| Market cap | $141.1B | $396.3B |
| P/E ratio | 47.3 | 31.7 |
Higher yield
CVS
2.47%
Safer dividend
UNH
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+35% upside
CVS vs UNH — FAQ
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