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 2.18%, JNJ has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+35%).
| Metric | JNJ | UNH |
|---|---|---|
| Forward yield | 2.12% | 2.18% |
| 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 | 46% | 2% |
| Dividend safety score | 93 (A) | 89 (A) |
| Fair value estimate | $229.37 | $573.15 |
| Upside to fair value | -9% | +35% |
| Frequency | quarterly | quarterly |
| Market cap | $599.0B | $382.8B |
| P/E ratio | 29.3 | 32.1 |
Higher yield
UNH
2.18%
Safer dividend
JNJ
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+35% upside
JNJ vs UNH — FAQ
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