AMGN vs UNH: Which Is the Better Dividend Stock?
As of June 2026, UNH (UnitedHealth Group Incorporated) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. AMGN offers the higher yield at 2.84%, UNH has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+45%).
| Metric | AMGN | UNH |
|---|---|---|
| Forward yield | 2.84% | 2.27% |
| Annual dividend | $10.08 | $9.28 |
| Payout ratio | 67% | 67% |
| Years of growth | 14 yr | 16 yr |
| 5-yr dividend growth | 8.3% | 12.1% |
| 5-yr total return | 46% | 2% |
| Dividend safety score | 81 (A) | 88 (A) |
| Fair value estimate | $264.02 | $590.98 |
| Upside to fair value | -26% | +45% |
| Frequency | quarterly | quarterly |
| Market cap | $191.7B | $371.0B |
| P/E ratio | 24.7 | 30.8 |
Higher yield
AMGN
2.84%
Safer dividend
UNH
Grade A
Faster growth
UNH
12.1%
Better value
UNH
+45% upside
AMGN vs UNH — FAQ
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