DHR vs JNJ: Which Is the Better Dividend Stock?
As of September 2026, JNJ (Johnson & Johnson) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. JNJ offers the higher yield at 1.99%, JNJ has the higher dividend-safety score, and JNJ trades at the larger discount to fair value (-11%).
| Metric | DHR | JNJ |
|---|---|---|
| Forward yield | 0.76% | 1.99% |
| Annual dividend | $1.60 | $5.36 |
| Payout ratio | 26% | 61% |
| Years of growth | 12 yr | 55 yr |
| 5-yr dividend growth | 14.9% | 5.2% |
| 5-yr total return | -23% | 66% |
| Dividend safety score | 88 (A) | 93 (A) |
| Fair value estimate | $150.50 | $240.60 |
| Upside to fair value | -29% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $148.9B | $650.6B |
| P/E ratio | 37.8 | 31.4 |
Higher yield
JNJ
1.99%
Safer dividend
JNJ
Grade A
Faster growth
DHR
14.9%
Better value
JNJ
-11% upside
DHR vs JNJ — FAQ
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