JNJ vs MDT: Which Is the Better Dividend Stock?
As of September 2026, JNJ (Johnson & Johnson) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. MDT offers the higher yield at 3.06%, JNJ has the higher dividend-safety score, and MDT trades at the larger discount to fair value (-1%).
| Metric | JNJ | MDT |
|---|---|---|
| Forward yield | 1.95% | 3.06% |
| Annual dividend | $5.36 | $2.88 |
| Payout ratio | 61% | 70% |
| Years of growth | 55 yr | 25 yr |
| 5-yr dividend growth | 5.2% | 4.4% |
| 5-yr total return | 70% | -25% |
| Dividend safety score | 93 (A) | 89 (A) |
| Fair value estimate | $238.04 | $93.49 |
| Upside to fair value | -14% | -1% |
| Frequency | quarterly | quarterly |
| Market cap | $663.3B | $120.5B |
| P/E ratio | 32.0 | 23.2 |
Higher yield
MDT
3.06%
Safer dividend
JNJ
Grade A
Faster growth
JNJ
5.2%
Better value
MDT
-1% upside
JNJ vs MDT — FAQ
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