AMGN vs JNJ: Which Is the Better Dividend Stock?
As of September 2026, AMGN and JNJ are closely matched. AMGN offers the higher yield at 2.64%, JNJ has the higher dividend-safety score, and JNJ trades at the larger discount to fair value (-11%).
| Metric | AMGN | JNJ |
|---|---|---|
| Forward yield | 2.64% | 2.02% |
| Annual dividend | $10.08 | $5.36 |
| Payout ratio | 61% | 61% |
| Years of growth | 14 yr | 55 yr |
| 5-yr dividend growth | 8.3% | 5.2% |
| 5-yr total return | 77% | 64% |
| Dividend safety score | 82 (A) | 93 (A) |
| Fair value estimate | $299.72 | $237.49 |
| Upside to fair value | -21% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $204.0B | $640.0B |
| P/E ratio | 23.4 | 30.8 |
Higher yield
AMGN
2.64%
Safer dividend
JNJ
Grade A
Faster growth
AMGN
8.3%
Better value
JNJ
-11% upside
AMGN vs JNJ — FAQ
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