CVX vs NFG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVX offers the higher yield at 3.16%, NFG has the higher dividend-safety score, and NFG looks like the better value (its fair-value estimate is 14% above its share price).
Key facts: CVX vs NFG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.16%, versus 2.78% for National Fuel Gas Company (NFG).
- As of Oct 18, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and NFG's A (97/100).
- By SmarterDividends' count as of Oct 18, 2026, CVX has raised its dividend for 38 consecutive years and NFG for 27.
- As of Oct 18, 2026, CVX pays out 67% of its earnings as dividends and NFG pays out 30%.
- As of Oct 18, 2026, CVX's fair-value estimate is 51% below its share price and NFG's fair-value estimate is 14% above its share price, so NFG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs NFG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/cvx-vs-nfg
| Metric | CVX | NFG |
|---|---|---|
| Forward yield | 3.16% | 2.78% |
| Annual dividend | $7.12 | $2.22 |
| Payout ratio | 67% | 30% |
| Years of growth | 38 yr | 27 yr |
| 5-yr dividend growth | 5.8% | 3.7% |
| 5-yr total return | 99% | 38% |
| Dividend safety score | 95 (A) | 97 (A) |
| Fair value estimate | $111.37 | $90.96 |
| Upside to fair value | -51% | +14% |
| Frequency | quarterly | quarterly |
| Market cap | $441.3B | $7.6B |
| P/E ratio | 21.7 | 11.1 |
Higher yield
CVX
3.16%
Safer dividend
NFG
Grade A
Faster growth
CVX
5.8%
Better value
NFG
+14% upside
CVX vs NFG — FAQ
Is CVX or NFG a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). CVX offers the higher yield (3.16%), while NFG 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 NFG?
CVX has the higher forward dividend yield at 3.16%, versus 2.78% for NFG.
Is CVX or NFG safer?
NFG has the higher dividend-safety score (97/100 vs 95/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or NFG better value right now?
As of Oct 18, 2026, NFG looks like the better value: its fair-value estimate is 14% above 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.