JNJ vs UNH: Which Is the Better Dividend Stock?
As of July 2026, JNJ and UNH are closely matched. UNH offers the higher yield at 2.21%, JNJ has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+37%).
| Metric | JNJ | UNH |
|---|---|---|
| Forward yield | 2.02% | 2.21% |
| Annual dividend | $5.36 | $9.28 |
| Payout ratio | 61% | 67% |
| Years of growth | 55 yr | 16 yr |
| 5-yr dividend growth | 5.2% | 12.6% |
| 5-yr total return | 52% | 1% |
| Dividend safety score | 93 (A) | 89 (A) |
| Fair value estimate | $229.97 | $575.33 |
| Upside to fair value | -13% | +37% |
| Frequency | quarterly | quarterly |
| Market cap | $616.5B | $382.8B |
| P/E ratio | 30.8 | 31.6 |
Higher yield
UNH
2.21%
Safer dividend
JNJ
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+37% upside
JNJ vs UNH — FAQ
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