JPM vs MUFG: Which Is the Better Dividend Stock?
As of Nov 8, 2026, JPM and MUFG are closely matched. MUFG offers the higher yield at 2.57%, JPM has the higher dividend-safety score, and MUFG looks like the better value (its fair-value estimate is 1% below its share price).
Key facts: JPM vs MUFG
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Mitsubishi UFJ Financial Group, Inc. (MUFG) has the higher forward dividend yield at 2.57%, versus 1.97% for JPMorgan Chase & Co. (JPM).
- As of Nov 8, 2026, SmarterDividends grades JPM's dividend safety A (86/100) and MUFG's C (63/100).
- By SmarterDividends' count as of Nov 8, 2026, JPM has raised its dividend for 15 consecutive years and MUFG for 1.
- As of Nov 8, 2026, JPM pays out 26% of its earnings as dividends and MUFG pays out 35%.
- As of Nov 8, 2026, JPM's fair-value estimate is 13% below its share price and MUFG's fair-value estimate is 1% below its share price, so MUFG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "JPM vs MUFG: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/jpm-vs-mufg
| Metric | JPM | MUFG |
|---|---|---|
| Forward yield | 1.97% | 2.57% |
| Annual dividend | $6.60 | $0.54 |
| Payout ratio | 26% | 35% |
| Years of growth | 15 yr | 1 yr |
| 5-yr dividend growth | 9.0% | 18.3% |
| 5-yr total return | 111% | 326% |
| Dividend safety score | 86 (A) | 63 (C) |
| Fair value estimate | $290.88 | $20.85 |
| Upside to fair value | -13% | -1% |
| Frequency | quarterly | semiannual |
| Market cap | $888.3B | $236.0B |
| P/E ratio | 14.0 | 13.7 |
Higher yield
MUFG
2.57%
Safer dividend
JPM
Grade A
Faster growth
MUFG
18.3%
Better value
MUFG
-1% upside
JPM vs MUFG — FAQ
Is JPM or MUFG a better dividend stock?
JPM and MUFG are closely matched. MUFG has the higher yield; JPM scores better on safety.
Which has a higher dividend yield, JPM or MUFG?
MUFG has the higher forward dividend yield at 2.57%, versus 1.97% for JPM.
Is JPM or MUFG safer?
JPM has the higher dividend-safety score (86/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is JPM or MUFG better value right now?
As of Nov 8, 2026, MUFG looks like the better value: its fair-value estimate is 1% below its share price (fairly valued). For JPM, its fair-value estimate is 13% below its share price.
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