JNJ vs UNH: Which Is the Better Dividend Stock?
As of June 2026, JNJ and UNH are closely matched. UNH offers the higher yield at 2.27%, JNJ has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+45%).
| Metric | JNJ | UNH |
|---|---|---|
| Forward yield | 2.23% | 2.27% |
| Annual dividend | $5.36 | $9.28 |
| Payout ratio | 60% | 67% |
| Years of growth | 55 yr | 16 yr |
| 5-yr dividend growth | 5.2% | 12.1% |
| 5-yr total return | 46% | 2% |
| Dividend safety score | 89 (A) | 88 (A) |
| Fair value estimate | $213.66 | $590.98 |
| Upside to fair value | -11% | +45% |
| Frequency | quarterly | quarterly |
| Market cap | $579.8B | $371.0B |
| P/E ratio | 27.9 | 30.8 |
Higher yield
UNH
2.27%
Safer dividend
JNJ
Grade A
Faster growth
UNH
12.1%
Better value
UNH
+45% upside
JNJ vs UNH — FAQ
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