NVO vs UNH: Which Is the Better Dividend Stock?
As of July 2026, NVO and UNH are closely matched. NVO offers the higher yield at 3.74%, UNH has the higher dividend-safety score, and NVO trades at the larger discount to fair value (+47%).
| Metric | NVO | UNH |
|---|---|---|
| Forward yield | 3.74% | 2.21% |
| Annual dividend | $1.80 | $9.28 |
| Payout ratio | 43% | 67% |
| Years of growth | 7 yr | 16 yr |
| 5-yr dividend growth | 20.9% | 12.6% |
| 5-yr total return | -2% | 1% |
| Dividend safety score | 67 (B) | 89 (A) |
| Fair value estimate | $71.51 | $575.33 |
| Upside to fair value | +47% | +37% |
| Frequency | semiannual | quarterly |
| Market cap | $215.7B | $382.1B |
| P/E ratio | 11.7 | 31.6 |
Higher yield
NVO
3.74%
Safer dividend
UNH
Grade A
Faster growth
NVO
20.9%
Better value
NVO
+47% upside
NVO vs UNH — FAQ
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