CVE vs CVX: Which Is the Better Dividend Stock?
As of Nov 5, 2026, CVE and CVX are closely matched. CVX offers the higher yield at 3.28%, CVX has the higher dividend-safety score, and CVE looks like the better value (its fair-value estimate is 30% below its share price).
Key facts: CVE vs CVX
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.28%, versus 2.21% for Cenovus Energy Inc. (CVE).
- As of Nov 5, 2026, SmarterDividends grades CVE's dividend safety C (59/100) and CVX's A (96/100).
- By SmarterDividends' count as of Nov 5, 2026, CVE has raised its dividend for 4 consecutive years and CVX for 38.
- As of Nov 5, 2026, CVE pays out 23% of its earnings as dividends and CVX pays out 67%.
- As of Nov 5, 2026, CVE's fair-value estimate is 30% below its share price and CVX's fair-value estimate is 55% below its share price, so CVE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVE vs CVX: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/cve-vs-cvx
| Metric | CVE | CVX |
|---|---|---|
| Forward yield | 2.21% | 3.28% |
| Annual dividend | $0.63 | $7.12 |
| Payout ratio | 23% | 67% |
| Years of growth | 4 yr | 38 yr |
| 5-yr dividend growth | 24.8% | 5.8% |
| 5-yr total return | 176% | 109% |
| Dividend safety score | 59 (C) | 96 (A) |
| Fair value estimate | $20.02 | $99.92 |
| Upside to fair value | -30% | -55% |
| Frequency | quarterly | quarterly |
| Market cap | $51.4B | $429.3B |
| P/E ratio | 10.9 | 16.2 |
Higher yield
CVX
3.28%
Safer dividend
CVX
Grade A
Faster growth
CVE
24.8%
Better value
CVE
-30% upside
CVE vs CVX — FAQ
Is CVE or CVX a better dividend stock?
CVE and CVX are closely matched. CVX has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, CVE or CVX?
CVX has the higher forward dividend yield at 3.28%, versus 2.21% for CVE.
Is CVE or CVX safer?
CVX has the higher dividend-safety score (96/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is CVE or CVX better value right now?
As of Nov 5, 2026, CVE looks like the better value: its fair-value estimate is 30% below its share price (overvalued). For CVX, its fair-value estimate is 55% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.