EMR vs MMM: Which Is the Better Dividend Stock?
As of Oct 17, 2026, EMR (Emerson Electric Co.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MMM offers the higher yield at 1.89%, EMR has the higher dividend-safety score, and MMM looks like the better value (its fair-value estimate is 49% below its share price).
Key facts: EMR vs MMM
Data as of · Source: SmarterDividends data
- As of Oct 17, 2026, 3M Company (MMM) has the higher forward dividend yield at 1.89%, versus 1.37% for Emerson Electric Co. (EMR).
- As of Oct 17, 2026, SmarterDividends grades EMR's dividend safety A (97/100) and MMM's C (65/100).
- By SmarterDividends' count as of Oct 17, 2026, EMR has raised its dividend for 53 consecutive years and MMM for 1.
- As of Oct 17, 2026, EMR pays out 48% of its earnings as dividends and MMM pays out 54%.
- As of Oct 17, 2026, EMR's fair-value estimate is 54% below its share price and MMM's fair-value estimate is 49% below its share price, so MMM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "EMR vs MMM: Dividend Yield, Safety & Value Compared," updated Oct 17, 2026, https://smarterdividends.com/compare/emr-vs-mmm
| Metric | EMR | MMM |
|---|---|---|
| Forward yield | 1.37% | 1.89% |
| Annual dividend | $2.22 | $3.12 |
| Payout ratio | 48% | 54% |
| Years of growth | 53 yr | 1 yr |
| 5-yr dividend growth | 1.3% | -9.9% |
| 5-yr total return | 84% | 16% |
| Dividend safety score | 97 (A) | 65 (C) |
| Fair value estimate | $74.30 | $84.18 |
| Upside to fair value | -54% | -49% |
| Frequency | quarterly | quarterly |
| Market cap | $90.4B | $85.0B |
| P/E ratio | 35.9 | 29.3 |
Higher yield
MMM
1.89%
Safer dividend
EMR
Grade A
Faster growth
EMR
1.3%
Better value
MMM
-49% upside
EMR vs MMM — FAQ
Is EMR or MMM a better dividend stock?
On the data, EMR wins more head-to-head categories (5 vs 3). MMM offers the higher yield (1.89%), while EMR has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, EMR or MMM?
MMM has the higher forward dividend yield at 1.89%, versus 1.37% for EMR.
Is EMR or MMM safer?
EMR has the higher dividend-safety score (97/100 vs 65/100), reflecting stronger payout coverage and dividend-growth history.
Is EMR or MMM better value right now?
As of Oct 17, 2026, MMM looks like the better value: its fair-value estimate is 49% below its share price (overvalued). For EMR, its fair-value estimate is 54% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.