JNJ vs NVO: Which Is the Better Dividend Stock?
As of Nov 6, 2026, JNJ and NVO are closely matched. NVO offers the higher yield at 4.46%, JNJ has the higher dividend-safety score, and NVO looks like the better value (its fair-value estimate is 67% above its share price).
Key facts: JNJ vs NVO
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Novo Nordisk A/S (NVO) has the higher forward dividend yield at 4.46%, versus 1.97% for Johnson & Johnson (JNJ).
- As of Nov 6, 2026, SmarterDividends grades JNJ's dividend safety A (93/100) and NVO's B (71/100).
- By SmarterDividends' count as of Nov 6, 2026, JNJ has raised its dividend for 55 consecutive years and NVO for 7.
- As of Nov 6, 2026, JNJ pays out 80% of its earnings as dividends and NVO pays out 45%.
- As of Nov 6, 2026, JNJ's fair-value estimate is 27% below its share price and NVO's fair-value estimate is 67% above its share price, so NVO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "JNJ vs NVO: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/jnj-vs-nvo
| Metric | JNJ | NVO |
|---|---|---|
| Forward yield | 1.97% | 4.46% |
| Annual dividend | $5.36 | $1.80 |
| Payout ratio | 80% | 45% |
| Years of growth | 55 yr | 7 yr |
| 5-yr dividend growth | 5.2% | 20.9% |
| 5-yr total return | 75% | -25% |
| Dividend safety score | 93 (A) | 71 (B) |
| Fair value estimate | $199.73 | $67.11 |
| Upside to fair value | -27% | +67% |
| Frequency | quarterly | semiannual |
| Market cap | $655.6B | $177.7B |
| P/E ratio | 41.3 | 10.2 |
Higher yield
NVO
4.46%
Safer dividend
JNJ
Grade A
Faster growth
NVO
20.9%
Better value
NVO
+67% upside
JNJ vs NVO — FAQ
Is JNJ or NVO a better dividend stock?
JNJ and NVO are closely matched. NVO has the higher yield; JNJ scores better on safety.
Which has a higher dividend yield, JNJ or NVO?
NVO has the higher forward dividend yield at 4.46%, versus 1.97% for JNJ.
Is JNJ or NVO safer?
JNJ has the higher dividend-safety score (93/100 vs 71/100), reflecting stronger payout coverage and dividend-growth history.
Is JNJ or NVO better value right now?
As of Nov 6, 2026, NVO looks like the better value: its fair-value estimate is 67% above its share price (undervalued). For JNJ, its fair-value estimate is 27% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.