UNH vs ZBH: Which Is the Better Dividend Stock?
As of September 2026, UNH (UnitedHealth Group Incorporated) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. UNH offers the higher yield at 2.46%, UNH has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+60%).
| Metric | UNH | ZBH |
|---|---|---|
| Forward yield | 2.46% | 1.01% |
| Annual dividend | $9.28 | $0.96 |
| Payout ratio | 58% | 23% |
| Years of growth | 16 yr | 0 yr |
| 5-yr dividend growth | 12.6% | 0.6% |
| 5-yr total return | -18% | -31% |
| Dividend safety score | 89 (A) | 89 (A) |
| Fair value estimate | $603.89 | $126.97 |
| Upside to fair value | +60% | +33% |
| Frequency | quarterly | quarterly |
| Market cap | $338.3B | $18.2B |
| P/E ratio | 24.2 | 23.1 |
Higher yield
UNH
2.46%
Safer dividend
UNH
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+60% upside
UNH vs ZBH — FAQ
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