MDT vs UNH: Which Is the Better Dividend Stock?
As of September 2026, UNH (UnitedHealth Group Incorporated) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. MDT offers the higher yield at 3.06%, MDT has the higher dividend-safety score, and UNH trades at the larger discount to fair value (+52%).
| Metric | MDT | UNH |
|---|---|---|
| Forward yield | 3.06% | 2.34% |
| Annual dividend | $2.88 | $9.28 |
| Payout ratio | 70% | 58% |
| Years of growth | 25 yr | 16 yr |
| 5-yr dividend growth | 4.4% | 12.6% |
| 5-yr total return | -25% | 2% |
| Dividend safety score | 89 (A) | 89 (A) |
| Fair value estimate | $93.49 | $602.64 |
| Upside to fair value | -1% | +52% |
| Frequency | quarterly | quarterly |
| Market cap | $120.5B | $356.5B |
| P/E ratio | 23.2 | 25.5 |
Higher yield
MDT
3.06%
Safer dividend
MDT
Grade A
Faster growth
UNH
12.6%
Better value
UNH
+52% upside
MDT vs UNH — FAQ
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