JPM vs WAL: Which Is the Better Dividend Stock?
As of September 2026, JPM and WAL are closely matched. WAL offers the higher yield at 2.22%, JPM has the higher dividend-safety score, and WAL trades at the larger discount to fair value (+87%).
| Metric | JPM | WAL |
|---|---|---|
| Forward yield | 1.96% | 2.22% |
| Annual dividend | $6.60 | $1.68 |
| Payout ratio | 26% | 19% |
| Years of growth | 15 yr | 5 yr |
| 5-yr dividend growth | 9.0% | 9.3% |
| 5-yr total return | 106% | -32% |
| Dividend safety score | 82 (A) | 80 (A) |
| Fair value estimate | $632.41 | $147.05 |
| Upside to fair value | +81% | +87% |
| Frequency | quarterly | quarterly |
| Market cap | $896.8B | $8.3B |
| P/E ratio | 14.5 | 8.6 |
Higher yield
WAL
2.22%
Safer dividend
JPM
Grade A
Faster growth
WAL
9.3%
Better value
WAL
+87% upside
JPM vs WAL — FAQ
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