CVX vs NAT: Which Is the Better Dividend Stock?
As of July 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NAT offers the higher yield at 14.55%, CVX has the higher dividend-safety score, and NAT trades at the larger discount to fair value (-13%).
| Metric | CVX | NAT |
|---|---|---|
| Forward yield | 3.80% | 14.55% |
| Annual dividend | $7.12 | $0.88 |
| Payout ratio | 120% | 182% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | -10.4% |
| 5-yr total return | 94% | 155% |
| Dividend safety score | 86 (A) | 39 (D) |
| Fair value estimate | $154.80 | $5.24 |
| Upside to fair value | -17% | -13% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $1.3B |
| P/E ratio | 32.7 | 23.7 |
Higher yield
NAT
14.55%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
NAT
-13% upside
CVX vs NAT — FAQ
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