DGX vs JNJ: Which Is the Better Dividend Stock?
As of September 2026, DGX and JNJ are closely matched. JNJ offers the higher yield at 1.99%, DGX has the higher dividend-safety score, and JNJ trades at the larger discount to fair value (-11%).
| Metric | DGX | JNJ |
|---|---|---|
| Forward yield | 1.40% | 1.99% |
| Annual dividend | $3.44 | $5.36 |
| Payout ratio | 26% | 61% |
| Years of growth | 14 yr | 55 yr |
| 5-yr dividend growth | 7.3% | 5.2% |
| 5-yr total return | 68% | 66% |
| Dividend safety score | 94 (A) | 93 (A) |
| Fair value estimate | $187.65 | $240.60 |
| Upside to fair value | -24% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $27.2B | $650.6B |
| P/E ratio | 26.2 | 31.4 |
Higher yield
JNJ
1.99%
Safer dividend
DGX
Grade A
Faster growth
DGX
7.3%
Better value
JNJ
-11% upside
DGX vs JNJ — FAQ
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