CVX vs DMLP: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. DMLP offers the higher yield at 10.79%, CVX has the higher dividend-safety score, and DMLP trades at the larger discount to fair value (+109%).
| Metric | CVX | DMLP |
|---|---|---|
| Forward yield | 3.35% | 10.79% |
| Annual dividend | $7.12 | $3.19 |
| Payout ratio | 67% | 145% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 14.8% |
| 5-yr total return | 111% | 54% |
| Dividend safety score | 95 (A) | 44 (D) |
| Fair value estimate | $118.21 | $61.76 |
| Upside to fair value | -45% | +109% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | $1.5B |
| P/E ratio | 20.5 | 16.9 |
Higher yield
DMLP
10.79%
Safer dividend
CVX
Grade A
Faster growth
DMLP
14.8%
Better value
DMLP
+109% upside
CVX vs DMLP — FAQ
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