CVX vs KMI: Which Is the Better Dividend Stock?
As of Oct 29, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. KMI offers the higher yield at 3.52%, CVX has the higher dividend-safety score, and KMI looks like the better value (its fair-value estimate is 6% below its share price).
Key facts: CVX vs KMI
Data as of · Source: SmarterDividends data
- As of Oct 29, 2026, Kinder Morgan, Inc. (KMI) has the higher forward dividend yield at 3.52%, versus 3.12% for Chevron Corporation (CVX).
- As of Oct 29, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and KMI's B (68/100).
- By SmarterDividends' count as of Oct 29, 2026, CVX has raised its dividend for 38 consecutive years and KMI for 8.
- As of Oct 29, 2026, CVX pays out 67% of its earnings as dividends and KMI pays out 73%.
- As of Oct 29, 2026, CVX's fair-value estimate is 51% below its share price and KMI's fair-value estimate is 6% below its share price, so KMI looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs KMI: Dividend Yield, Safety & Value Compared," updated Oct 29, 2026, https://smarterdividends.com/compare/cvx-vs-kmi
| Metric | CVX | KMI |
|---|---|---|
| Forward yield | 3.12% | 3.52% |
| Annual dividend | $7.12 | $1.19 |
| Payout ratio | 67% | 73% |
| Years of growth | 38 yr | 8 yr |
| 5-yr dividend growth | 5.8% | 2.4% |
| 5-yr total return | 107% | 123% |
| Dividend safety score | 95 (A) | 68 (B) |
| Fair value estimate | $111.37 | $31.43 |
| Upside to fair value | -51% | -6% |
| Frequency | quarterly | quarterly |
| Market cap | $449.6B | $74.8B |
| P/E ratio | 22.1 | 20.7 |
Higher yield
KMI
3.52%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
KMI
-6% upside
CVX vs KMI — FAQ
Is CVX or KMI a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). KMI offers the higher yield (3.52%), 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 KMI?
KMI has the higher forward dividend yield at 3.52%, versus 3.12% for CVX.
Is CVX or KMI safer?
CVX has the higher dividend-safety score (95/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or KMI better value right now?
As of Oct 29, 2026, KMI looks like the better value: its fair-value estimate is 6% below its share price (fairly valued). 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.