ELV vs MRK: Which Is the Better Dividend Stock?
As of July 2026, ELV and MRK are closely matched. MRK offers the higher yield at 2.61%, MRK has the higher dividend-safety score, and ELV trades at the larger discount to fair value (+61%).
| Metric | ELV | MRK |
|---|---|---|
| Forward yield | 1.82% | 2.61% |
| Annual dividend | $6.88 | $3.40 |
| Payout ratio | 30% | 94% |
| Years of growth | 14 yr | 15 yr |
| 5-yr dividend growth | 12.5% | 6.7% |
| 5-yr total return | 1% | 72% |
| Dividend safety score | 87 (A) | 90 (A) |
| Fair value estimate | $607.00 | $128.13 |
| Upside to fair value | +61% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $81.9B | $323.7B |
| P/E ratio | 16.7 | 36.9 |
Higher yield
MRK
2.61%
Safer dividend
MRK
Grade A
Faster growth
ELV
12.5%
Better value
ELV
+61% upside
ELV vs MRK — FAQ
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