MCK vs UNH: Which Is the Better Dividend Stock?
As of September 2026, MCK (McKesson Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. UNH offers the higher yield at 2.45%, MCK has the higher dividend-safety score, and MCK trades at the larger discount to fair value (+60%).
| Metric | MCK | UNH |
|---|---|---|
| Forward yield | 0.43% | 2.45% |
| Annual dividend | $3.76 | $9.28 |
| Payout ratio | 9% | 58% |
| Years of growth | 18 yr | 16 yr |
| 5-yr dividend growth | 13.0% | 12.6% |
| 5-yr total return | 342% | -3% |
| Dividend safety score | 97 (A) | 89 (A) |
| Fair value estimate | $1,406.02 | $602.37 |
| Upside to fair value | +60% | +59% |
| Frequency | quarterly | quarterly |
| Market cap | $102.8B | $340.3B |
| P/E ratio | 23.6 | 24.4 |
Higher yield
UNH
2.45%
Safer dividend
MCK
Grade A
Faster growth
MCK
13.0%
Better value
MCK
+60% upside
MCK vs UNH — FAQ
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