JNJ vs MCK: Which Is the Better Dividend Stock?
As of September 2026, MCK (McKesson Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. JNJ offers the higher yield at 2.02%, MCK has the higher dividend-safety score, and MCK trades at the larger discount to fair value (+60%).
| Metric | JNJ | MCK |
|---|---|---|
| Forward yield | 2.02% | 0.43% |
| Annual dividend | $5.36 | $3.76 |
| Payout ratio | 61% | 9% |
| Years of growth | 55 yr | 18 yr |
| 5-yr dividend growth | 5.2% | 13.0% |
| 5-yr total return | 64% | 342% |
| Dividend safety score | 93 (A) | 97 (A) |
| Fair value estimate | $237.49 | $1,406.02 |
| Upside to fair value | -11% | +60% |
| Frequency | quarterly | quarterly |
| Market cap | $640.0B | $102.8B |
| P/E ratio | 30.8 | 23.6 |
Higher yield
JNJ
2.02%
Safer dividend
MCK
Grade A
Faster growth
MCK
13.0%
Better value
MCK
+60% upside
JNJ vs MCK — FAQ
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