TMO vs UNH: Which Is the Better Dividend Stock?
As of Nov 6, 2026, TMO and UNH are closely matched. UNH offers the higher yield at 2.35%, TMO has the higher dividend-safety score, and UNH looks like the better value (its fair-value estimate is 28% above its share price).
Key facts: TMO vs UNH
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, UnitedHealth Group Incorporated (UNH) has the higher forward dividend yield at 2.35%, versus 0.28% for Thermo Fisher Scientific Inc. (TMO).
- As of Nov 6, 2026, SmarterDividends grades TMO's dividend safety A (91/100) and UNH's A (89/100).
- By SmarterDividends' count as of Nov 6, 2026, TMO has raised its dividend for 8 consecutive years and UNH for 16.
- As of Nov 6, 2026, TMO pays out 10% of its earnings as dividends and UNH pays out 52%.
- As of Nov 6, 2026, TMO's fair-value estimate is 38% below its share price and UNH's fair-value estimate is 28% above its share price, so UNH looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "TMO vs UNH: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/tmo-vs-unh
| Metric | TMO | UNH |
|---|---|---|
| Forward yield | 0.28% | 2.35% |
| Annual dividend | $1.88 | $9.28 |
| Payout ratio | 10% | 52% |
| Years of growth | 8 yr | 16 yr |
| 5-yr dividend growth | 14.3% | 12.6% |
| 5-yr total return | 10% | -8% |
| Dividend safety score | 91 (A) | 89 (A) |
| Fair value estimate | $422.22 | $506.68 |
| Upside to fair value | -38% | +28% |
| Frequency | quarterly | quarterly |
| Market cap | $250.8B | $354.6B |
| P/E ratio | 35.7 | 22.6 |
Higher yield
UNH
2.35%
Safer dividend
TMO
Grade A
Faster growth
TMO
14.3%
Better value
UNH
+28% upside
TMO vs UNH — FAQ
Is TMO or UNH a better dividend stock?
TMO and UNH are closely matched. UNH has the higher yield; TMO scores better on safety.
Which has a higher dividend yield, TMO or UNH?
UNH has the higher forward dividend yield at 2.35%, versus 0.28% for TMO.
Is TMO or UNH safer?
TMO has the higher dividend-safety score (91/100 vs 89/100), reflecting stronger payout coverage and dividend-growth history.
Is TMO or UNH better value right now?
As of Nov 6, 2026, UNH looks like the better value: its fair-value estimate is 28% above its share price (undervalued). For TMO, its fair-value estimate is 38% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.