MCK vs MRK: Which Is the Better Dividend Stock?
As of July 2026, MCK (McKesson Corporation) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. MRK offers the higher yield at 2.61%, MCK has the higher dividend-safety score, and MCK trades at the larger discount to fair value (+72%).
| Metric | MCK | MRK |
|---|---|---|
| Forward yield | 0.46% | 2.61% |
| Annual dividend | $3.76 | $3.40 |
| Payout ratio | 8% | 94% |
| Years of growth | 18 yr | 15 yr |
| 5-yr dividend growth | 13.0% | 6.7% |
| 5-yr total return | 312% | 72% |
| Dividend safety score | 96 (A) | 90 (A) |
| Fair value estimate | $1,448.93 | $128.13 |
| Upside to fair value | +72% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $98.5B | $323.7B |
| P/E ratio | 21.9 | 36.9 |
Higher yield
MRK
2.61%
Safer dividend
MCK
Grade A
Faster growth
MCK
13.0%
Better value
MCK
+72% upside
MCK vs MRK — FAQ
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