LLY vs MCK: Which Is the Better Dividend Stock?
As of Nov 5, 2026, LLY and MCK are closely matched. LLY offers the higher yield at 0.49%, MCK has the higher dividend-safety score, and MCK looks like the better value (its fair-value estimate is 6% above its share price).
Key facts: LLY vs MCK
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Eli Lilly and Company (LLY) has the higher forward dividend yield at 0.49%, versus 0.35% for McKesson Corporation (MCK).
- As of Nov 5, 2026, SmarterDividends grades LLY's dividend safety A (94/100) and MCK's A (97/100).
- By SmarterDividends' count as of Nov 5, 2026, LLY has raised its dividend for 11 consecutive years and MCK for 18.
- As of Nov 5, 2026, LLY pays out 22% of its earnings as dividends and MCK pays out 9%.
- As of Nov 5, 2026, LLY's fair-value estimate is 43% below its share price and MCK's fair-value estimate is 6% above its share price, so MCK looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "LLY vs MCK: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/lly-vs-mck
| Metric | LLY | MCK |
|---|---|---|
| Forward yield | 0.49% | 0.35% |
| Annual dividend | $6.92 | $3.76 |
| Payout ratio | 22% | 9% |
| Years of growth | 11 yr | 18 yr |
| 5-yr dividend growth | 15.2% | 13.0% |
| 5-yr total return | 471% | 359% |
| Dividend safety score | 94 (A) | 97 (A) |
| Fair value estimate | $804.91 | $1,153.66 |
| Upside to fair value | -43% | +6% |
| Frequency | quarterly | quarterly |
| Market cap | $1.3T | $127.4B |
| P/E ratio | 45.8 | 28.2 |
Higher yield
LLY
0.49%
Safer dividend
MCK
Grade A
Faster growth
LLY
15.2%
Better value
MCK
+6% upside
LLY vs MCK — FAQ
Is LLY or MCK a better dividend stock?
LLY and MCK are closely matched. LLY has the higher yield; MCK scores better on safety.
Which has a higher dividend yield, LLY or MCK?
LLY has the higher forward dividend yield at 0.49%, versus 0.35% for MCK.
Is LLY or MCK safer?
MCK has the higher dividend-safety score (97/100 vs 94/100), reflecting stronger payout coverage and dividend-growth history.
Is LLY or MCK better value right now?
As of Nov 5, 2026, MCK looks like the better value: its fair-value estimate is 6% above its share price (fairly valued). For LLY, its fair-value estimate is 43% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.