CVX vs NC: Which Is the Better Dividend Stock?
As of September 2026, CVX and NC are closely matched. CVX offers the higher yield at 3.33%, NC has the higher dividend-safety score, and NC trades at the larger discount to fair value (+20%).
| Metric | CVX | NC |
|---|---|---|
| Forward yield | 3.33% | 2.64% |
| Annual dividend | $7.12 | $1.05 |
| Payout ratio | 67% | 45% |
| Years of growth | 38 yr | 40 yr |
| 5-yr dividend growth | 5.8% | 5.1% |
| 5-yr total return | 111% | 33% |
| Dividend safety score | 95 (A) | 98 (A) |
| Fair value estimate | $118.08 | $47.75 |
| Upside to fair value | -45% | +20% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | $299.4M |
| P/E ratio | 20.6 | 17.3 |
Higher yield
CVX
3.33%
Safer dividend
NC
Grade A
Faster growth
CVX
5.8%
Better value
NC
+20% upside
CVX vs NC — FAQ
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