FRME vs JPM: Which Is the Better Dividend Stock?
As of Oct 18, 2026, JPM (JPMorgan Chase & Co.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. FRME offers the higher yield at 3.74%, FRME has the higher dividend-safety score, and JPM looks like the better value (its fair-value estimate is 7% above its share price).
Key facts: FRME vs JPM
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, First Merchants Corporation (FRME) has the higher forward dividend yield at 3.74%, versus 1.94% for JPMorgan Chase & Co. (JPM).
- As of Oct 18, 2026, SmarterDividends grades FRME's dividend safety A (88/100) and JPM's A (82/100).
- By SmarterDividends' count as of Oct 18, 2026, FRME has raised its dividend for 14 consecutive years and JPM for 15.
- As of Oct 18, 2026, FRME pays out 47% of its earnings as dividends and JPM pays out 26%.
- As of Oct 18, 2026, FRME's fair-value estimate is 43% below its share price and JPM's fair-value estimate is 7% above its share price, so JPM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "FRME vs JPM: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/frme-vs-jpm
| Metric | FRME | JPM |
|---|---|---|
| Forward yield | 3.74% | 1.94% |
| Annual dividend | $1.48 | $6.60 |
| Payout ratio | 47% | 26% |
| Years of growth | 14 yr | 15 yr |
| 5-yr dividend growth | 6.6% | 9.0% |
| 5-yr total return | -1% | 114% |
| Dividend safety score | 88 (A) | 82 (A) |
| Fair value estimate | $22.57 | $364.60 |
| Upside to fair value | -43% | +7% |
| Frequency | quarterly | quarterly |
| Market cap | $2.5B | $902.2B |
| P/E ratio | 12.7 | 14.3 |
Higher yield
FRME
3.74%
Safer dividend
FRME
Grade A
Faster growth
JPM
9.0%
Better value
JPM
+7% upside
FRME vs JPM — FAQ
Is FRME or JPM a better dividend stock?
On the data, JPM wins more head-to-head categories (6 vs 2). FRME offers the higher yield (3.74%), while FRME has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, FRME or JPM?
FRME has the higher forward dividend yield at 3.74%, versus 1.94% for JPM.
Is FRME or JPM safer?
FRME has the higher dividend-safety score (88/100 vs 82/100), reflecting stronger payout coverage and dividend-growth history.
Is FRME or JPM better value right now?
As of Oct 18, 2026, JPM looks like the better value: its fair-value estimate is 7% above its share price (fairly valued). For FRME, its fair-value estimate is 43% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.