MRK vs PFE: Which Is the Better Dividend Stock?
As of June 2026, MRK (Merck & Co., Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PFE offers the higher yield at 6.56%, MRK has the higher dividend-safety score, and MRK trades at the larger discount to fair value (+9%).
| Metric | MRK | PFE |
|---|---|---|
| Forward yield | 2.86% | 6.56% |
| Annual dividend | $3.40 | $1.72 |
| Payout ratio | 94% | 131% |
| Years of growth | 15 yr | 16 yr |
| 5-yr dividend growth | 6.8% | 3.6% |
| 5-yr total return | 53% | -33% |
| Dividend safety score | 90 (A) | 75 (B) |
| Fair value estimate | $129.20 | $18.10 |
| Upside to fair value | +9% | -31% |
| Frequency | quarterly | quarterly |
| Market cap | $294.0B | $149.4B |
| P/E ratio | 33.5 | 20.0 |
Higher yield
PFE
6.56%
Safer dividend
MRK
Grade A
Faster growth
MRK
6.8%
Better value
MRK
+9% upside
MRK vs PFE — FAQ
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