CVX vs DEC: Which Is the Better Dividend Stock?
As of Oct 27, 2026, DEC (Diversified Energy Company) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. DEC offers the higher yield at 8.03%, CVX has the higher dividend-safety score, and DEC looks like the better value (its fair-value estimate is 110% above its share price).
Key facts: CVX vs DEC
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Diversified Energy Company (DEC) has the higher forward dividend yield at 8.03%, versus 3.07% for Chevron Corporation (CVX).
- As of Oct 27, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and DEC's C (54/100).
- By SmarterDividends' count as of Oct 27, 2026, CVX has raised its dividend for 38 consecutive years and DEC for 0.
- As of Oct 27, 2026, CVX pays out 67% of its earnings as dividends and DEC pays out 19%.
- As of Oct 27, 2026, CVX's fair-value estimate is 52% below its share price and DEC's fair-value estimate is 110% above its share price, so DEC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs DEC: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/cvx-vs-dec
| Metric | CVX | DEC |
|---|---|---|
| Forward yield | 3.07% | 8.03% |
| Annual dividend | $7.12 | $1.16 |
| Payout ratio | 67% | 19% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | — |
| 5-yr total return | 107% | 988% |
| Dividend safety score | 95 (A) | 54 (C) |
| Fair value estimate | $111.37 | $30.27 |
| Upside to fair value | -52% | +110% |
| Frequency | quarterly | quarterly |
| Market cap | $455.1B | $996.9M |
| P/E ratio | 22.3 | 2.3 |
Higher yield
DEC
8.03%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
DEC
+110% upside
CVX vs DEC — FAQ
Is CVX or DEC a better dividend stock?
On the data, DEC wins more head-to-head categories (4 vs 3). DEC offers the higher yield (8.03%), 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, CVX or DEC?
DEC has the higher forward dividend yield at 8.03%, versus 3.07% for CVX.
Is CVX or DEC safer?
CVX has the higher dividend-safety score (95/100 vs 54/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or DEC better value right now?
As of Oct 27, 2026, DEC looks like the better value: its fair-value estimate is 110% above its share price (undervalued). For CVX, its fair-value estimate is 52% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.