CVX vs OVV: Which Is the Better Dividend Stock?
As of Nov 6, 2026, CVX and OVV are closely matched. CVX offers the higher yield at 3.34%, CVX has the higher dividend-safety score, and OVV looks like the better value (its fair-value estimate is 6% above its share price).
Key facts: CVX vs OVV
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.34%, versus 1.97% for Ovintiv Inc. (OVV).
- As of Nov 6, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and OVV's B (74/100).
- By SmarterDividends' count as of Nov 6, 2026, CVX has raised its dividend for 38 consecutive years and OVV for 0.
- As of Nov 6, 2026, CVX pays out 67% of its earnings as dividends and OVV pays out 24%.
- As of Nov 6, 2026, CVX's fair-value estimate is 53% below its share price and OVV's fair-value estimate is 6% above its share price, so OVV looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs OVV: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/cvx-vs-ovv
| Metric | CVX | OVV |
|---|---|---|
| Forward yield | 3.34% | 1.97% |
| Annual dividend | $7.12 | $1.20 |
| Payout ratio | 67% | 24% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 26.1% |
| 5-yr total return | 109% | 109% |
| Dividend safety score | 96 (A) | 74 (B) |
| Fair value estimate | $99.92 | $64.41 |
| Upside to fair value | -53% | +6% |
| Frequency | quarterly | quarterly |
| Market cap | $415.4B | $16.4B |
| P/E ratio | 15.6 | 12.2 |
Higher yield
CVX
3.34%
Safer dividend
CVX
Grade A
Faster growth
OVV
26.1%
Better value
OVV
+6% upside
CVX vs OVV — FAQ
Is CVX or OVV a better dividend stock?
CVX and OVV are closely matched. CVX has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, CVX or OVV?
CVX has the higher forward dividend yield at 3.34%, versus 1.97% for OVV.
Is CVX or OVV safer?
CVX has the higher dividend-safety score (96/100 vs 74/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or OVV better value right now?
As of Nov 6, 2026, OVV looks like the better value: its fair-value estimate is 6% above its share price (fairly valued). For CVX, its fair-value estimate is 53% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.