CVX vs PBA: Which Is the Better Dividend Stock?
As of Nov 5, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PBA offers the higher yield at 4.26%, CVX has the higher dividend-safety score, and PBA looks like the better value (its fair-value estimate is 1% below its share price).
Key facts: CVX vs PBA
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Pembina Pipeline Corporation (PBA) has the higher forward dividend yield at 4.26%, versus 3.28% for Chevron Corporation (CVX).
- As of Nov 5, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and PBA's D (49/100).
- By SmarterDividends' count as of Nov 5, 2026, CVX has raised its dividend for 38 consecutive years and PBA for 3.
- As of Nov 5, 2026, CVX pays out 67% of its earnings as dividends and PBA pays out 101%.
- As of Nov 5, 2026, CVX's fair-value estimate is 55% below its share price and PBA's fair-value estimate is 1% below its share price, so PBA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs PBA: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/cvx-vs-pba
| Metric | CVX | PBA |
|---|---|---|
| Forward yield | 3.28% | 4.26% |
| Annual dividend | $7.12 | $2.07 |
| Payout ratio | 67% | 101% |
| Years of growth | 38 yr | 3 yr |
| 5-yr dividend growth | 5.8% | 26.3% |
| 5-yr total return | 109% | 73% |
| Dividend safety score | 96 (A) | 49 (D) |
| Fair value estimate | $99.92 | $48.20 |
| Upside to fair value | -55% | -1% |
| Frequency | quarterly | quarterly |
| Market cap | $429.3B | $28.2B |
| P/E ratio | 16.2 | 23.7 |
Higher yield
PBA
4.26%
Safer dividend
CVX
Grade A
Faster growth
PBA
26.3%
Better value
PBA
-1% upside
CVX vs PBA — FAQ
Is CVX or PBA a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). PBA offers the higher yield (4.26%), while CVX 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 PBA?
PBA has the higher forward dividend yield at 4.26%, versus 3.28% for CVX.
Is CVX or PBA safer?
CVX has the higher dividend-safety score (96/100 vs 49/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or PBA better value right now?
As of Nov 5, 2026, PBA looks like the better value: its fair-value estimate is 1% below its share price (fairly valued). For CVX, its fair-value estimate is 55% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.