AMGN vs UNH: Which Is the Better Dividend Stock?
As of September 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 2.64%, UNH has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+59%).
| Metric | AMGN | UNH |
|---|---|---|
| Forward yield | 2.64% | 2.45% |
| Annual dividend | $10.08 | $9.28 |
| Payout ratio | 61% | 58% |
| Years of growth | 14 yr | 16 yr |
| 5-yr dividend growth | 8.3% | 12.6% |
| 5-yr total return | 77% | -3% |
| Dividend safety score | 82 (A) | 89 (A) |
| Fair value estimate | $299.72 | $602.37 |
| Upside to fair value | -21% | +59% |
| Frequency | quarterly | quarterly |
| Market cap | $204.0B | $340.3B |
| P/E ratio | 23.4 | 24.4 |
Higher yield
AMGN
2.64%
Safer dividend
UNH
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+59% upside
AMGN vs UNH — FAQ
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