JPM vs USB: Which Is the Better Dividend Stock?
As of September 2026, JPM (JPMorgan Chase & Co.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. USB offers the higher yield at 3.60%, USB has the higher dividend-safety score, and USB trades at the larger discount to fair value (+97%).
| Metric | JPM | USB |
|---|---|---|
| Forward yield | 1.89% | 3.60% |
| Annual dividend | $6.60 | $2.16 |
| Payout ratio | 26% | 42% |
| Years of growth | 15 yr | 15 yr |
| 5-yr dividend growth | 9.0% | 4.0% |
| 5-yr total return | 106% | -1% |
| Dividend safety score | 82 (A) | 85 (A) |
| Fair value estimate | $632.41 | $118.61 |
| Upside to fair value | +81% | +97% |
| Frequency | quarterly | quarterly |
| Market cap | $929.5B | $93.6B |
| P/E ratio | 15.0 | 12.0 |
Higher yield
USB
3.60%
Safer dividend
USB
Grade A
Faster growth
JPM
9.0%
Better value
USB
+97% upside
JPM vs USB — FAQ
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