ELV vs JNJ: Which Is the Better Dividend Stock?
As of September 2026, ELV and JNJ are closely matched. JNJ offers the higher yield at 1.99%, JNJ has the higher dividend-safety score, and ELV trades at the larger discount to fair value (+43%).
| Metric | ELV | JNJ |
|---|---|---|
| Forward yield | 1.67% | 1.99% |
| Annual dividend | $6.88 | $5.36 |
| Payout ratio | 30% | 61% |
| Years of growth | 14 yr | 55 yr |
| 5-yr dividend growth | 12.5% | 5.2% |
| 5-yr total return | -6% | 66% |
| Dividend safety score | 90 (A) | 93 (A) |
| Fair value estimate | $588.95 | $240.60 |
| Upside to fair value | +43% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $89.1B | $650.6B |
| P/E ratio | 18.2 | 31.4 |
Higher yield
JNJ
1.99%
Safer dividend
JNJ
Grade A
Faster growth
ELV
12.5%
Better value
ELV
+43% upside
ELV vs JNJ — FAQ
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