MCK vs UNH: Which Is the Better Dividend Stock?
As of Nov 5, 2026, MCK (McKesson Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. UNH offers the higher yield at 2.27%, MCK has the higher dividend-safety score, and UNH looks like the better value (its fair-value estimate is 25% above its share price).
Key facts: MCK vs UNH
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, UnitedHealth Group Incorporated (UNH) has the higher forward dividend yield at 2.27%, versus 0.35% for McKesson Corporation (MCK).
- As of Nov 5, 2026, SmarterDividends grades MCK's dividend safety A (97/100) and UNH's A (89/100).
- By SmarterDividends' count as of Nov 5, 2026, MCK has raised its dividend for 18 consecutive years and UNH for 16.
- As of Nov 5, 2026, MCK pays out 9% of its earnings as dividends and UNH pays out 52%.
- As of Nov 5, 2026, MCK's fair-value estimate is 6% above its share price and UNH's fair-value estimate is 25% above its share price, so UNH looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MCK vs UNH: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/mck-vs-unh
| Metric | MCK | UNH |
|---|---|---|
| Forward yield | 0.35% | 2.27% |
| Annual dividend | $3.76 | $9.28 |
| Payout ratio | 9% | 52% |
| Years of growth | 18 yr | 16 yr |
| 5-yr dividend growth | 13.0% | 12.6% |
| 5-yr total return | 359% | -8% |
| Dividend safety score | 97 (A) | 89 (A) |
| Fair value estimate | $1,153.66 | $506.68 |
| Upside to fair value | +6% | +25% |
| Frequency | quarterly | quarterly |
| Market cap | $127.4B | $363.7B |
| P/E ratio | 28.2 | 23.2 |
Higher yield
UNH
2.27%
Safer dividend
MCK
Grade A
Faster growth
MCK
13.0%
Better value
UNH
+25% upside
MCK vs UNH — FAQ
Is MCK or UNH a better dividend stock?
On the data, MCK wins more head-to-head categories (5 vs 3). UNH offers the higher yield (2.27%), while MCK has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MCK or UNH?
UNH has the higher forward dividend yield at 2.27%, versus 0.35% for MCK.
Is MCK or UNH safer?
MCK has the higher dividend-safety score (97/100 vs 89/100), reflecting stronger payout coverage and dividend-growth history.
Is MCK or UNH better value right now?
As of Nov 5, 2026, UNH looks like the better value: its fair-value estimate is 25% above its share price (undervalued). For MCK, its fair-value estimate is 6% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.