MRK vs TMO: 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%, TMO has the higher dividend-safety score, and MRK trades at the larger discount to fair value (-8%).
| Metric | MRK | TMO |
|---|---|---|
| Forward yield | 2.31% | 0.29% |
| Annual dividend | $3.40 | $1.88 |
| Payout ratio | 269% | 10% |
| Years of growth | 15 yr | 8 yr |
| 5-yr dividend growth | 6.7% | 14.3% |
| 5-yr total return | 67% | 3% |
| Dividend safety score | 88 (A) | 89 (A) |
| Fair value estimate | $135.77 | $393.10 |
| Upside to fair value | -8% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $362.4B | $240.9B |
| P/E ratio | 117.5 | 35.1 |
Higher yield
MRK
2.31%
Safer dividend
TMO
Grade A
Faster growth
TMO
14.3%
Better value
MRK
-8% upside
MRK vs TMO — FAQ
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