CNQ vs CVX: Which Is the Better Dividend Stock?
As of Oct 29, 2026, CNQ (Canadian Natural Resources Limited) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CNQ offers the higher yield at 3.25%, CVX has the higher dividend-safety score, and CNQ looks like the better value (its fair-value estimate is 36% below its share price).
Key facts: CNQ vs CVX
Data as of · Source: SmarterDividends data
- As of Oct 29, 2026, Canadian Natural Resources Limited (CNQ) has the higher forward dividend yield at 3.25%, versus 3.12% for Chevron Corporation (CVX).
- As of Oct 29, 2026, SmarterDividends grades CNQ's dividend safety C (65/100) and CVX's A (95/100).
- By SmarterDividends' count as of Oct 29, 2026, CNQ has raised its dividend for 10 consecutive years and CVX for 38.
- As of Oct 29, 2026, CNQ pays out 43% of its earnings as dividends and CVX pays out 67%.
- As of Oct 29, 2026, CNQ's fair-value estimate is 36% below its share price and CVX's fair-value estimate is 51% below its share price, so CNQ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CNQ vs CVX: Dividend Yield, Safety & Value Compared," updated Oct 29, 2026, https://smarterdividends.com/compare/cnq-vs-cvx
| Metric | CNQ | CVX |
|---|---|---|
| Forward yield | 3.25% | 3.12% |
| Annual dividend | $1.76 | $7.12 |
| Payout ratio | 43% | 67% |
| Years of growth | 10 yr | 38 yr |
| 5-yr dividend growth | 22.1% | 5.8% |
| 5-yr total return | 175% | 107% |
| Dividend safety score | 65 (C) | 95 (A) |
| Fair value estimate | $35.06 | $111.37 |
| Upside to fair value | -36% | -51% |
| Frequency | quarterly | quarterly |
| Market cap | $113.0B | $449.6B |
| P/E ratio | 13.5 | 22.1 |
Higher yield
CNQ
3.25%
Safer dividend
CVX
Grade A
Faster growth
CNQ
22.1%
Better value
CNQ
-36% upside
CNQ vs CVX — FAQ
Is CNQ or CVX a better dividend stock?
On the data, CNQ wins more head-to-head categories (5 vs 3). CNQ offers the higher yield (3.25%), while CVX has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CNQ or CVX?
CNQ has the higher forward dividend yield at 3.25%, versus 3.12% for CVX.
Is CNQ or CVX safer?
CVX has the higher dividend-safety score (95/100 vs 65/100), reflecting stronger payout coverage and dividend-growth history.
Is CNQ or CVX better value right now?
As of Oct 29, 2026, CNQ looks like the better value: its fair-value estimate is 36% below its share price (overvalued). For CVX, its fair-value estimate is 51% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.