JNJ vs NVS: Which Is the Better Dividend Stock?
As of September 2026, JNJ and NVS are closely matched. NVS offers the higher yield at 3.46%, JNJ has the higher dividend-safety score, and NVS trades at the larger discount to fair value (+38%).
| Metric | JNJ | NVS |
|---|---|---|
| Forward yield | 2.02% | 3.46% |
| Annual dividend | $5.36 | $4.74 |
| Payout ratio | 61% | 72% |
| Years of growth | 55 yr | 3 yr |
| 5-yr dividend growth | 5.2% | 5.6% |
| 5-yr total return | 64% | 68% |
| Dividend safety score | 93 (A) | 60 (C) |
| Fair value estimate | $237.49 | $188.85 |
| Upside to fair value | -11% | +38% |
| Frequency | quarterly | annual |
| Market cap | $640.0B | $260.7B |
| P/E ratio | 30.8 | 20.7 |
Higher yield
NVS
3.46%
Safer dividend
JNJ
Grade A
Faster growth
NVS
5.6%
Better value
NVS
+38% upside
JNJ vs NVS — FAQ
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