JNJ vs TMO: Which Is the Better Dividend Stock?
As of September 2026, JNJ (Johnson & Johnson) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. JNJ offers the higher yield at 1.99%, JNJ has the higher dividend-safety score, and JNJ trades at the larger discount to fair value (-11%).
| Metric | JNJ | TMO |
|---|---|---|
| Forward yield | 1.99% | 0.29% |
| Annual dividend | $5.36 | $1.88 |
| Payout ratio | 61% | 10% |
| Years of growth | 55 yr | 8 yr |
| 5-yr dividend growth | 5.2% | 14.3% |
| 5-yr total return | 66% | 3% |
| Dividend safety score | 93 (A) | 89 (A) |
| Fair value estimate | $240.60 | $393.10 |
| Upside to fair value | -11% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $650.6B | $240.9B |
| P/E ratio | 31.4 | 35.1 |
Higher yield
JNJ
1.99%
Safer dividend
JNJ
Grade A
Faster growth
TMO
14.3%
Better value
JNJ
-11% upside
JNJ vs TMO — FAQ
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