INDB vs JPM: Which Is the Better Dividend Stock?
As of Oct 18, 2026, JPM (JPMorgan Chase & Co.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. INDB offers the higher yield at 3.20%, INDB has the higher dividend-safety score, and INDB looks like the better value (its fair-value estimate is 48% above its share price).
Key facts: INDB vs JPM
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Independent Bank Corp. (INDB) has the higher forward dividend yield at 3.20%, versus 1.94% for JPMorgan Chase & Co. (JPM).
- As of Oct 18, 2026, SmarterDividends grades INDB's dividend safety A (97/100) and JPM's A (82/100).
- By SmarterDividends' count as of Oct 18, 2026, INDB has raised its dividend for 15 consecutive years and JPM for 15.
- As of Oct 18, 2026, INDB pays out 44% of its earnings as dividends and JPM pays out 26%.
- As of Oct 18, 2026, INDB's fair-value estimate is 48% above its share price and JPM's fair-value estimate is 7% above its share price, so INDB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "INDB vs JPM: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/indb-vs-jpm
| Metric | INDB | JPM |
|---|---|---|
| Forward yield | 3.20% | 1.94% |
| Annual dividend | $2.56 | $6.60 |
| Payout ratio | 44% | 26% |
| Years of growth | 15 yr | 15 yr |
| 5-yr dividend growth | 5.1% | 9.0% |
| 5-yr total return | 1% | 114% |
| Dividend safety score | 97 (A) | 82 (A) |
| Fair value estimate | $118.51 | $364.60 |
| Upside to fair value | +48% | +7% |
| Frequency | quarterly | quarterly |
| Market cap | $3.8B | $902.2B |
| P/E ratio | 11.8 | 14.3 |
Higher yield
INDB
3.20%
Safer dividend
INDB
Grade A
Faster growth
JPM
9.0%
Better value
INDB
+48% upside
INDB vs JPM — FAQ
Is INDB or JPM a better dividend stock?
On the data, JPM wins more head-to-head categories (4 vs 3). INDB offers the higher yield (3.20%), while INDB has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, INDB or JPM?
INDB has the higher forward dividend yield at 3.20%, versus 1.94% for JPM.
Is INDB or JPM safer?
INDB has the higher dividend-safety score (97/100 vs 82/100), reflecting stronger payout coverage and dividend-growth history.
Is INDB or JPM better value right now?
As of Oct 18, 2026, INDB looks like the better value: its fair-value estimate is 48% above its share price (undervalued). For JPM, its fair-value estimate is 7% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.