JPM vs SAN: Which Is the Better Dividend Stock?
As of Nov 5, 2026, JPM (JPMorgan Chase & Co.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SAN offers the higher yield at 2.38%, JPM has the higher dividend-safety score, and SAN looks like the better value (its fair-value estimate is 36% above its share price).
Key facts: JPM vs SAN
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Banco Santander, S.A. (SAN) has the higher forward dividend yield at 2.38%, versus 1.87% for JPMorgan Chase & Co. (JPM).
- As of Nov 5, 2026, SmarterDividends grades JPM's dividend safety A (82/100) and SAN's C (63/100).
- By SmarterDividends' count as of Nov 5, 2026, JPM has raised its dividend for 15 consecutive years and SAN for 4.
- As of Nov 5, 2026, JPM pays out 26% of its earnings as dividends and SAN pays out 26%.
- As of Nov 5, 2026, JPM's fair-value estimate is 7% above its share price and SAN's fair-value estimate is 36% above its share price, so SAN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "JPM vs SAN: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/jpm-vs-san
| Metric | JPM | SAN |
|---|---|---|
| Forward yield | 1.87% | 2.38% |
| Annual dividend | $6.60 | $0.29 |
| Payout ratio | 26% | 26% |
| Years of growth | 15 yr | 4 yr |
| 5-yr dividend growth | 9.0% | — |
| 5-yr total return | 112% | 260% |
| Dividend safety score | 82 (A) | 63 (C) |
| Fair value estimate | $364.60 | $16.38 |
| Upside to fair value | +7% | +36% |
| Frequency | quarterly | semiannual |
| Market cap | $906.8B | $173.7B |
| P/E ratio | 14.3 | 11.4 |
Higher yield
SAN
2.38%
Safer dividend
JPM
Grade A
Faster growth
JPM
9.0%
Better value
SAN
+36% upside
JPM vs SAN — FAQ
Is JPM or SAN a better dividend stock?
On the data, JPM wins more head-to-head categories (4 vs 3). SAN offers the higher yield (2.38%), 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 SAN?
SAN has the higher forward dividend yield at 2.38%, versus 1.87% for JPM.
Is JPM or SAN safer?
JPM has the higher dividend-safety score (82/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is JPM or SAN better value right now?
As of Nov 5, 2026, SAN looks like the better value: its fair-value estimate is 36% above its share price (undervalued). For JPM, its fair-value estimate is 7% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.