ELV vs UNH: Which Is the Better Dividend Stock?
As of July 2026, UNH (UnitedHealth Group Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. UNH offers the higher yield at 2.21%, UNH has the higher dividend-safety score, and ELV trades at the larger discount to fair value (+61%).
| Metric | ELV | UNH |
|---|---|---|
| Forward yield | 1.82% | 2.21% |
| Annual dividend | $6.88 | $9.28 |
| Payout ratio | 30% | 67% |
| Years of growth | 14 yr | 16 yr |
| 5-yr dividend growth | 12.5% | 12.6% |
| 5-yr total return | 1% | 1% |
| Dividend safety score | 87 (A) | 89 (A) |
| Fair value estimate | $607.00 | $575.33 |
| Upside to fair value | +61% | +37% |
| Frequency | quarterly | quarterly |
| Market cap | $81.9B | $382.1B |
| P/E ratio | 16.7 | 31.6 |
Higher yield
UNH
2.21%
Safer dividend
UNH
Grade A
Faster growth
UNH
12.6%
Better value
ELV
+61% upside
ELV vs UNH — FAQ
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