CVS vs UNH: Which Is the Better Dividend Stock?
As of September 2026, UNH (UnitedHealth Group Incorporated) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVS offers the higher yield at 2.99%, CVS has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+60%).
| Metric | CVS | UNH |
|---|---|---|
| Forward yield | 2.99% | 2.46% |
| Annual dividend | $2.66 | $9.28 |
| Payout ratio | 70% | 58% |
| Years of growth | 0 yr | 16 yr |
| 5-yr dividend growth | 5.9% | 12.6% |
| 5-yr total return | -0% | -18% |
| Dividend safety score | 91 (A) | 89 (A) |
| Fair value estimate | $139.35 | $603.89 |
| Upside to fair value | +57% | +60% |
| Frequency | quarterly | quarterly |
| Market cap | $113.6B | $338.3B |
| P/E ratio | 23.4 | 24.2 |
Higher yield
CVS
2.99%
Safer dividend
CVS
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+60% upside
CVS vs UNH — FAQ
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