JPM vs USB: 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. USB offers the higher yield at 3.54%, USB has the higher dividend-safety score, and USB looks like the better value (its fair-value estimate is 46% above its share price).
Key facts: JPM vs USB
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, U.S. Bancorp (USB) has the higher forward dividend yield at 3.54%, versus 1.87% for JPMorgan Chase & Co. (JPM).
- As of Nov 5, 2026, SmarterDividends grades JPM's dividend safety A (82/100) and USB's A (86/100).
- By SmarterDividends' count as of Nov 5, 2026, JPM has raised its dividend for 15 consecutive years and USB for 15.
- As of Nov 5, 2026, JPM pays out 26% of its earnings as dividends and USB pays out 42%.
- As of Nov 5, 2026, JPM's fair-value estimate is 7% above its share price and USB's fair-value estimate is 46% above its share price, so USB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "JPM vs USB: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/jpm-vs-usb
| Metric | JPM | USB |
|---|---|---|
| Forward yield | 1.87% | 3.54% |
| 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 | 112% | 7% |
| Dividend safety score | 82 (A) | 86 (A) |
| Fair value estimate | $364.60 | $87.63 |
| Upside to fair value | +7% | +46% |
| Frequency | quarterly | quarterly |
| Market cap | $906.8B | $93.8B |
| P/E ratio | 14.3 | 11.7 |
Higher yield
USB
3.54%
Safer dividend
USB
Grade A
Faster growth
JPM
9.0%
Better value
USB
+46% upside
JPM vs USB — FAQ
Is JPM or USB a better dividend stock?
On the data, JPM wins more head-to-head categories (4 vs 3). USB offers the higher yield (3.54%), while USB 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 USB?
USB has the higher forward dividend yield at 3.54%, versus 1.87% for JPM.
Is JPM or USB safer?
USB has the higher dividend-safety score (86/100 vs 82/100), reflecting stronger payout coverage and dividend-growth history.
Is JPM or USB better value right now?
As of Nov 5, 2026, USB looks like the better value: its fair-value estimate is 46% 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.