MRK vs RPRX: Which Is the Better Dividend Stock?
As of September 2026, MRK (Merck & Co., Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MRK offers the higher yield at 2.31%, MRK has the higher dividend-safety score, and RPRX trades at the larger discount to fair value (+97%).
| Metric | MRK | RPRX |
|---|---|---|
| Forward yield | 2.31% | 1.61% |
| Annual dividend | $3.40 | $0.94 |
| Payout ratio | 269% | 49% |
| Years of growth | 15 yr | 5 yr |
| 5-yr dividend growth | 6.7% | 8.0% |
| 5-yr total return | 67% | 48% |
| Dividend safety score | 88 (A) | 77 (B) |
| Fair value estimate | $135.77 | $114.78 |
| Upside to fair value | -8% | +97% |
| Frequency | quarterly | quarterly |
| Market cap | $362.4B | $33.8B |
| P/E ratio | 117.5 | 31.4 |
Higher yield
MRK
2.31%
Safer dividend
MRK
Grade A
Faster growth
RPRX
8.0%
Better value
RPRX
+97% upside
MRK vs RPRX — FAQ
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