LLY vs MDT: Which Is the Better Dividend Stock?
As of July 2026, LLY (Eli Lilly and Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MDT offers the higher yield at 3.51%, LLY has the higher dividend-safety score, and MDT trades at the larger discount to fair value (+10%).
| Metric | LLY | MDT |
|---|---|---|
| Forward yield | 0.58% | 3.51% |
| Annual dividend | $6.92 | $2.88 |
| Payout ratio | 22% | 76% |
| Years of growth | 11 yr | 25 yr |
| 5-yr dividend growth | 15.2% | 4.4% |
| 5-yr total return | 363% | -38% |
| Dividend safety score | 94 (A) | 86 (A) |
| Fair value estimate | $1,000.52 | $91.66 |
| Upside to fair value | -16% | +10% |
| Frequency | quarterly | quarterly |
| Market cap | $1.1T | $106.5B |
| P/E ratio | 42.2 | 22.0 |
Higher yield
MDT
3.51%
Safer dividend
LLY
Grade A
Faster growth
LLY
15.2%
Better value
MDT
+10% upside
LLY vs MDT — FAQ
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