CVX vs GLP: Which Is the Better Dividend Stock?
As of Oct 18, 2026, GLP (Global Partners LP) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. GLP offers the higher yield at 6.28%, CVX has the higher dividend-safety score, and GLP looks like the better value (its fair-value estimate is 93% above its share price).
Key facts: CVX vs GLP
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Global Partners LP (GLP) has the higher forward dividend yield at 6.28%, versus 3.16% for Chevron Corporation (CVX).
- As of Oct 18, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and GLP's C (61/100).
- By SmarterDividends' count as of Oct 18, 2026, CVX has raised its dividend for 38 consecutive years and GLP for 5.
- As of Oct 18, 2026, CVX pays out 67% of its earnings as dividends and GLP pays out 62%.
- As of Oct 18, 2026, CVX's fair-value estimate is 51% below its share price and GLP's fair-value estimate is 93% above its share price, so GLP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs GLP: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/cvx-vs-glp
| Metric | CVX | GLP |
|---|---|---|
| Forward yield | 3.16% | 6.28% |
| Annual dividend | $7.12 | $3.12 |
| Payout ratio | 67% | 62% |
| Years of growth | 38 yr | 5 yr |
| 5-yr dividend growth | 5.8% | 9.7% |
| 5-yr total return | 99% | 118% |
| Dividend safety score | 95 (A) | 61 (C) |
| Fair value estimate | $111.37 | $95.97 |
| Upside to fair value | -51% | +93% |
| Frequency | quarterly | quarterly |
| Market cap | $441.3B | $1.7B |
| P/E ratio | 21.7 | 10.1 |
Higher yield
GLP
6.28%
Safer dividend
CVX
Grade A
Faster growth
GLP
9.7%
Better value
GLP
+93% upside
CVX vs GLP — FAQ
Is CVX or GLP a better dividend stock?
On the data, GLP wins more head-to-head categories (5 vs 3). GLP offers the higher yield (6.28%), 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 GLP?
GLP has the higher forward dividend yield at 6.28%, versus 3.16% for CVX.
Is CVX or GLP safer?
CVX has the higher dividend-safety score (95/100 vs 61/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or GLP better value right now?
As of Oct 18, 2026, GLP looks like the better value: its fair-value estimate is 93% above its share price (undervalued). 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.