EMR vs MMM: Which Is the Better Dividend Stock?
As of July 2026, EMR (Emerson Electric Co.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. MMM offers the higher yield at 1.81%, EMR has the higher dividend-safety score, and EMR trades at the larger discount to fair value (-16%).
| Metric | EMR | MMM |
|---|---|---|
| Forward yield | 1.53% | 1.81% |
| Annual dividend | $2.22 | $3.12 |
| Payout ratio | 50% | 54% |
| Years of growth | 53 yr | 1 yr |
| 5-yr dividend growth | 1.3% | -9.9% |
| 5-yr total return | 40% | 6% |
| Dividend safety score | 97 (A) | 63 (C) |
| Fair value estimate | $123.96 | $78.40 |
| Upside to fair value | -16% | -55% |
| Frequency | quarterly | quarterly |
| Market cap | $82.9B | $89.0B |
| P/E ratio | 34.2 | 30.7 |
Higher yield
MMM
1.81%
Safer dividend
EMR
Grade A
Faster growth
EMR
1.3%
Better value
EMR
-16% upside
EMR vs MMM — FAQ
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