JPM vs RY: Which Is the Better Dividend Stock?
As of September 2026, JPM (JPMorgan Chase & Co.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. RY offers the higher yield at 2.41%, JPM has the higher dividend-safety score, and JPM trades at the larger discount to fair value (+75%).
| Metric | JPM | RY |
|---|---|---|
| Forward yield | 1.67% | 2.41% |
| Annual dividend | $6.00 | $5.07 |
| Payout ratio | 26% | 41% |
| Years of growth | 15 yr | 10 yr |
| 5-yr dividend growth | 9.0% | 6.2% |
| 5-yr total return | 119% | 112% |
| Dividend safety score | 82 (A) | 75 (B) |
| Fair value estimate | $628.56 | $250.12 |
| Upside to fair value | +75% | +19% |
| Frequency | quarterly | quarterly |
| Market cap | $953.3B | $291.5B |
| P/E ratio | 15.4 | 18.4 |
Higher yield
RY
2.41%
Safer dividend
JPM
Grade A
Faster growth
JPM
9.0%
Better value
JPM
+75% upside
JPM vs RY — FAQ
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