SmarterDividends

MRK vs RMD: Which Is the Better Dividend Stock?

As of September 2026, MRK (Merck & Co., Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. MRK offers the higher yield at 2.31%, MRK has the higher dividend-safety score, and RMD trades at the larger discount to fair value (+21%).

MetricMRKRMD
Forward yield2.31%1.17%
Annual dividend$3.40$2.64
Payout ratio269%23%
Years of growth15 yr13 yr
5-yr dividend growth6.7%7.7%
5-yr total return67%-14%
Dividend safety score88 (A)88 (A)
Fair value estimate$135.77$271.87
Upside to fair value-8%+21%
Frequencyquarterlyquarterly
Market cap$362.4B$32.5B
P/E ratio117.521.6

Higher yield

MRK

2.31%

Safer dividend

MRK

Grade A

Faster growth

RMD

7.7%

Better value

RMD

+21% upside

MRK vs RMD — FAQ

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