JNJ vs NVO: Which Is the Better Dividend Stock?
As of September 2026, JNJ and NVO are closely matched. NVO offers the higher yield at 4.51%, JNJ has the higher dividend-safety score, and NVO trades at the larger discount to fair value (+72%).
| Metric | JNJ | NVO |
|---|---|---|
| Forward yield | 1.99% | 4.51% |
| Annual dividend | $5.36 | $1.80 |
| Payout ratio | 61% | 44% |
| Years of growth | 55 yr | 7 yr |
| 5-yr dividend growth | 5.2% | 20.9% |
| 5-yr total return | 66% | -21% |
| Dividend safety score | 93 (A) | 71 (B) |
| Fair value estimate | $240.60 | $74.35 |
| Upside to fair value | -11% | +72% |
| Frequency | quarterly | semiannual |
| Market cap | $648.7B | $174.0B |
| P/E ratio | 31.2 | 9.8 |
Higher yield
NVO
4.51%
Safer dividend
JNJ
Grade A
Faster growth
NVO
20.9%
Better value
NVO
+72% upside
JNJ vs NVO — FAQ
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