SmarterDividends

LLY vs MRK: Which Is the Better Dividend Stock?

As of June 2026, LLY (Eli Lilly and Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MRK offers the higher yield at 2.86%, LLY has the higher dividend-safety score, and MRK trades at the larger discount to fair value (+9%).

MetricLLYMRK
Forward yield0.61%2.86%
Annual dividend$6.92$3.40
Payout ratio22%94%
Years of growth11 yr15 yr
5-yr dividend growth15.2%6.8%
5-yr total return394%53%
Dividend safety score94 (A)90 (A)
Fair value estimate$991.70$129.20
Upside to fair value-12%+9%
Frequencyquarterlyquarterly
Market cap$1.0T$294.0B
P/E ratio40.333.5

Higher yield

MRK

2.86%

Safer dividend

LLY

Grade A

Faster growth

LLY

15.2%

Better value

MRK

+9% upside

LLY vs MRK — FAQ

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