ABBV vs MCK: Which Is the Better Dividend Stock?
As of September 2026, MCK (McKesson Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. ABBV offers the higher yield at 2.69%, MCK has the higher dividend-safety score, and MCK trades at the larger discount to fair value (+60%).
| Metric | ABBV | MCK |
|---|---|---|
| Forward yield | 2.69% | 0.43% |
| Annual dividend | $6.92 | $3.76 |
| Payout ratio | 190% | 9% |
| Years of growth | 12 yr | 18 yr |
| 5-yr dividend growth | 6.8% | 13.0% |
| 5-yr total return | 138% | 342% |
| Dividend safety score | 80 (A) | 97 (A) |
| Fair value estimate | $221.74 | $1,406.02 |
| Upside to fair value | -14% | +60% |
| Frequency | quarterly | quarterly |
| Market cap | $454.4B | $102.8B |
| P/E ratio | 72.4 | 23.6 |
Higher yield
ABBV
2.69%
Safer dividend
MCK
Grade A
Faster growth
MCK
13.0%
Better value
MCK
+60% upside
ABBV vs MCK — FAQ
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