ELV 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. UNH offers the higher yield at 2.46%, ELV has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+60%).
| Metric | ELV | UNH |
|---|---|---|
| Forward yield | 1.67% | 2.46% |
| Annual dividend | $6.88 | $9.28 |
| Payout ratio | 30% | 58% |
| Years of growth | 14 yr | 16 yr |
| 5-yr dividend growth | 12.5% | 12.6% |
| 5-yr total return | -6% | -18% |
| Dividend safety score | 90 (A) | 89 (A) |
| Fair value estimate | $588.95 | $603.89 |
| Upside to fair value | +43% | +60% |
| Frequency | quarterly | quarterly |
| Market cap | $89.1B | $338.3B |
| P/E ratio | 18.2 | 24.2 |
Higher yield
UNH
2.46%
Safer dividend
ELV
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+60% upside
ELV vs UNH — FAQ
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