CVX vs NRP: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CVX and NRP are closely matched. CVX offers the higher yield at 3.16%, CVX has the higher dividend-safety score, and NRP looks like the better value (its fair-value estimate is 8% above its share price).
Key facts: CVX vs NRP
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.16%, versus 2.67% for Natural Resource Partners L.P. (NRP).
- As of Oct 18, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and NRP's C (58/100).
- By SmarterDividends' count as of Oct 18, 2026, CVX has raised its dividend for 38 consecutive years and NRP for 0.
- As of Oct 18, 2026, CVX pays out 67% of its earnings as dividends and NRP pays out 38%.
- As of Oct 18, 2026, CVX's fair-value estimate is 51% below its share price and NRP's fair-value estimate is 8% above its share price, so NRP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs NRP: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/cvx-vs-nrp
| Metric | CVX | NRP |
|---|---|---|
| Forward yield | 3.16% | 2.67% |
| Annual dividend | $7.12 | $3.00 |
| Payout ratio | 67% | 38% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 10.8% |
| 5-yr total return | 99% | 245% |
| Dividend safety score | 95 (A) | 58 (C) |
| Fair value estimate | $111.37 | $121.16 |
| Upside to fair value | -51% | +8% |
| Frequency | quarterly | quarterly |
| Market cap | $441.3B | $1.5B |
| P/E ratio | 21.7 | 14.3 |
Higher yield
CVX
3.16%
Safer dividend
CVX
Grade A
Faster growth
NRP
10.8%
Better value
NRP
+8% upside
CVX vs NRP — FAQ
Is CVX or NRP a better dividend stock?
CVX and NRP are closely matched. CVX has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, CVX or NRP?
CVX has the higher forward dividend yield at 3.16%, versus 2.67% for NRP.
Is CVX or NRP safer?
CVX has the higher dividend-safety score (95/100 vs 58/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or NRP better value right now?
As of Oct 18, 2026, NRP looks like the better value: its fair-value estimate is 8% 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.