SmarterDividends

MCK vs UNH: Which Is the Better Dividend Stock?

As of July 2026, MCK (McKesson Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. UNH offers the higher yield at 2.19%, MCK has the higher dividend-safety score, and MCK trades at the larger discount to fair value (+72%).

MetricMCKUNH
Forward yield0.46%2.19%
Annual dividend$3.76$9.28
Payout ratio8%67%
Years of growth18 yr16 yr
5-yr dividend growth13.0%12.6%
5-yr total return312%1%
Dividend safety score96 (A)89 (A)
Fair value estimate$1,448.93$575.33
Upside to fair value+72%+37%
Frequencyquarterlyquarterly
Market cap$98.5B$382.1B
P/E ratio21.931.6

Higher yield

UNH

2.19%

Safer dividend

MCK

Grade A

Faster growth

MCK

13.0%

Better value

MCK

+72% upside

MCK vs UNH — FAQ

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