JNJ vs MCK: Which Is the Better Dividend Stock?
As of Nov 5, 2026, MCK (McKesson Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. JNJ offers the higher yield at 1.94%, MCK has the higher dividend-safety score, and MCK looks like the better value (its fair-value estimate is 6% above its share price).
Key facts: JNJ vs MCK
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Johnson & Johnson (JNJ) has the higher forward dividend yield at 1.94%, versus 0.35% for McKesson Corporation (MCK).
- As of Nov 5, 2026, SmarterDividends grades JNJ's dividend safety A (93/100) and MCK's A (97/100).
- By SmarterDividends' count as of Nov 5, 2026, JNJ has raised its dividend for 55 consecutive years and MCK for 18.
- As of Nov 5, 2026, JNJ pays out 80% of its earnings as dividends and MCK pays out 9%.
- As of Nov 5, 2026, JNJ's fair-value estimate is 28% below its share price and MCK's fair-value estimate is 6% above its share price, so MCK looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "JNJ vs MCK: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/jnj-vs-mck
| Metric | JNJ | MCK |
|---|---|---|
| Forward yield | 1.94% | 0.35% |
| Annual dividend | $5.36 | $3.76 |
| Payout ratio | 80% | 9% |
| Years of growth | 55 yr | 18 yr |
| 5-yr dividend growth | 5.2% | 13.0% |
| 5-yr total return | 75% | 359% |
| Dividend safety score | 93 (A) | 97 (A) |
| Fair value estimate | $199.73 | $1,153.66 |
| Upside to fair value | -28% | +6% |
| Frequency | quarterly | quarterly |
| Market cap | $665.5B | $127.4B |
| P/E ratio | 41.9 | 28.2 |
Higher yield
JNJ
1.94%
Safer dividend
MCK
Grade A
Faster growth
MCK
13.0%
Better value
MCK
+6% upside
JNJ vs MCK — FAQ
Is JNJ or MCK a better dividend stock?
On the data, MCK wins more head-to-head categories (5 vs 3). JNJ offers the higher yield (1.94%), while MCK has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, JNJ or MCK?
JNJ has the higher forward dividend yield at 1.94%, versus 0.35% for MCK.
Is JNJ or MCK safer?
MCK has the higher dividend-safety score (97/100 vs 93/100), reflecting stronger payout coverage and dividend-growth history.
Is JNJ or MCK better value right now?
As of Nov 5, 2026, MCK looks like the better value: its fair-value estimate is 6% above its share price (fairly valued). For JNJ, its fair-value estimate is 28% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.