JPM vs NMS: Which Is the Better Dividend Stock?
As of Oct 23, 2026, JPM (JPMorgan Chase & Co.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. NMS offers the higher yield at 7.41%, JPM has the higher dividend-safety score, and NMS looks like the better value (its fair-value estimate is 106% above its share price).
Key facts: JPM vs NMS
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, Nuveen Minnesota Quality Municipal Income Fund (NMS) has the higher forward dividend yield at 7.41%, versus 1.96% for JPMorgan Chase & Co. (JPM).
- As of Oct 23, 2026, SmarterDividends grades JPM's dividend safety A (82/100) and NMS's D (47/100).
- By SmarterDividends' count as of Oct 23, 2026, JPM has raised its dividend for 15 consecutive years and NMS for 2.
- As of Oct 23, 2026, JPM pays out 26% of its earnings as dividends and NMS pays out 71%.
- As of Oct 23, 2026, JPM's fair-value estimate is 8% above its share price and NMS's fair-value estimate is 106% above its share price, so NMS looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "JPM vs NMS: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/jpm-vs-nms
| Metric | JPM | NMS |
|---|---|---|
| Forward yield | 1.96% | 7.41% |
| Annual dividend | $6.60 | $0.76 |
| Payout ratio | 26% | 71% |
| Years of growth | 15 yr | 2 yr |
| 5-yr dividend growth | 9.0% | 7.9% |
| 5-yr total return | 109% | -33% |
| Dividend safety score | 82 (A) | 47 (D) |
| Fair value estimate | $364.60 | $20.99 |
| Upside to fair value | +8% | +106% |
| Frequency | quarterly | monthly |
| Market cap | $893.7B | $65.4M |
| P/E ratio | 14.1 | 8.9 |
Higher yield
NMS
7.41%
Safer dividend
JPM
Grade A
Faster growth
JPM
9.0%
Better value
NMS
+106% upside
JPM vs NMS — FAQ
Is JPM or NMS a better dividend stock?
On the data, JPM wins more head-to-head categories (6 vs 2). NMS offers the higher yield (7.41%), while JPM has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, JPM or NMS?
NMS has the higher forward dividend yield at 7.41%, versus 1.96% for JPM.
Is JPM or NMS safer?
JPM has the higher dividend-safety score (82/100 vs 47/100), reflecting stronger payout coverage and dividend-growth history.
Is JPM or NMS better value right now?
As of Oct 23, 2026, NMS looks like the better value: its fair-value estimate is 106% above its share price (undervalued). For JPM, its fair-value estimate is 8% above its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.