JPM vs RY: Which Is the Better Dividend Stock?
As of Oct 23, 2026, JPM (JPMorgan Chase & Co.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. RY offers the higher yield at 2.48%, JPM has the higher dividend-safety score, and JPM looks like the better value (its fair-value estimate is 8% above its share price).
Key facts: JPM vs RY
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, Royal Bank of Canada (RY) has the higher forward dividend yield at 2.48%, versus 1.96% for JPMorgan Chase & Co. (JPM).
- As of Oct 23, 2026, SmarterDividends grades JPM's dividend safety A (82/100) and RY's B (75/100).
- By SmarterDividends' count as of Oct 23, 2026, JPM has raised its dividend for 15 consecutive years and RY for 10.
- As of Oct 23, 2026, JPM pays out 26% of its earnings as dividends and RY pays out 41%.
- As of Oct 23, 2026, JPM's fair-value estimate is 8% above its share price and RY's fair-value estimate is 0% above its share price, so JPM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "JPM vs RY: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/jpm-vs-ry
| Metric | JPM | RY |
|---|---|---|
| Forward yield | 1.96% | 2.48% |
| Annual dividend | $6.60 | $4.99 |
| Payout ratio | 26% | 41% |
| Years of growth | 15 yr | 10 yr |
| 5-yr dividend growth | 9.0% | 6.2% |
| 5-yr total return | 114% | 100% |
| Dividend safety score | 82 (A) | 75 (B) |
| Fair value estimate | $364.60 | $202.73 |
| Upside to fair value | +8% | +0% |
| Frequency | quarterly | quarterly |
| Market cap | $893.7B | $279.7B |
| P/E ratio | 14.1 | 17.6 |
Higher yield
RY
2.48%
Safer dividend
JPM
Grade A
Faster growth
JPM
9.0%
Better value
JPM
+8% upside
JPM vs RY — FAQ
Is JPM or RY a better dividend stock?
On the data, JPM wins more head-to-head categories (7 vs 1). RY offers the higher yield (2.48%), 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 RY?
RY has the higher forward dividend yield at 2.48%, versus 1.96% for JPM.
Is JPM or RY safer?
JPM has the higher dividend-safety score (82/100 vs 75/100), reflecting stronger payout coverage and dividend-growth history.
Is JPM or RY better value right now?
As of Oct 23, 2026, JPM looks like the better value: its fair-value estimate is 8% above its share price (fairly valued). For RY, its fair-value estimate is 0% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.