SmarterDividends

LH vs MRK: Which Is the Better Dividend Stock?

As of September 2026, MRK (Merck & Co., Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. MRK offers the higher yield at 2.31%, LH has the higher dividend-safety score, and MRK trades at the larger discount to fair value (-8%).

MetricLHMRK
Forward yield0.90%2.31%
Annual dividend$2.88$3.40
Payout ratio24%269%
Years of growth0 yr15 yr
5-yr dividend growth6.7%
5-yr total return30%67%
Dividend safety score91 (A)88 (A)
Fair value estimate$237.73$135.77
Upside to fair value-26%-8%
Frequencyquarterlyquarterly
Market cap$26.0B$362.4B
P/E ratio26.5117.5

Higher yield

MRK

2.31%

Safer dividend

LH

Grade A

Faster growth

MRK

6.7%

Better value

MRK

-8% upside

LH vs MRK — FAQ

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