NVO vs UNH: Which Is the Better Dividend Stock?
As of September 2026, NVO and UNH are closely matched. NVO offers the higher yield at 4.15%, UNH has the higher dividend-safety score, and NVO trades at the larger discount to fair value (+72%).
| Metric | NVO | UNH |
|---|---|---|
| Forward yield | 4.15% | 2.46% |
| Annual dividend | $1.80 | $9.28 |
| Payout ratio | 44% | 58% |
| Years of growth | 7 yr | 16 yr |
| 5-yr dividend growth | 20.9% | 12.6% |
| 5-yr total return | -21% | -18% |
| Dividend safety score | 71 (B) | 89 (A) |
| Fair value estimate | $74.35 | $603.89 |
| Upside to fair value | +72% | +60% |
| Frequency | semiannual | quarterly |
| Market cap | $191.0B | $338.3B |
| P/E ratio | 10.7 | 24.2 |
Higher yield
NVO
4.15%
Safer dividend
UNH
Grade A
Faster growth
NVO
20.9%
Better value
NVO
+72% upside
NVO vs UNH — FAQ
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