CVX vs PMBPF: Which Is the Better Dividend Stock?
As of Nov 1, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. PMBPF offers the higher yield at 5.81%, CVX has the higher dividend-safety score, and PMBPF looks like the better value (its fair-value estimate is 40% above its share price).
Key facts: CVX vs PMBPF
Data as of · Source: SmarterDividends data
- As of Nov 1, 2026, Pembina Pipeline Corporation (PMBPF) has the higher forward dividend yield at 5.81%, versus 3.02% for Chevron Corporation (CVX).
- As of Nov 1, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and PMBPF's B (77/100).
- By SmarterDividends' count as of Nov 1, 2026, CVX has raised its dividend for 38 consecutive years and PMBPF for 1.
- As of Nov 1, 2026, CVX's fair-value estimate is 58% below its share price and PMBPF's fair-value estimate is 40% above its share price, so PMBPF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs PMBPF: Dividend Yield, Safety & Value Compared," updated Nov 1, 2026, https://smarterdividends.com/compare/cvx-vs-pmbpf
| Metric | CVX | PMBPF |
|---|---|---|
| Forward yield | 3.02% | 5.81% |
| Annual dividend | $7.12 | $1.06 |
| Payout ratio | 67% | — |
| Years of growth | 38 yr | 1 yr |
| 5-yr dividend growth | 5.8% | 6.3% |
| 5-yr total return | 109% | -0% |
| Dividend safety score | 96 (A) | 77 (B) |
| Fair value estimate | $99.92 | $25.58 |
| Upside to fair value | -58% | +40% |
| Frequency | quarterly | quarterly |
| Market cap | $459.5B | — |
| P/E ratio | 22.7 | 10.3 |
Higher yield
PMBPF
5.81%
Safer dividend
CVX
Grade A
Faster growth
PMBPF
6.3%
Better value
PMBPF
+40% upside
CVX vs PMBPF — FAQ
Is CVX or PMBPF a better dividend stock?
On the data, CVX wins more head-to-head categories (4 vs 3). PMBPF offers the higher yield (5.81%), 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 PMBPF?
PMBPF has the higher forward dividend yield at 5.81%, versus 3.02% for CVX.
Is CVX or PMBPF safer?
CVX has the higher dividend-safety score (96/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or PMBPF better value right now?
As of Nov 1, 2026, PMBPF looks like the better value: its fair-value estimate is 40% above its share price (undervalued). For CVX, its fair-value estimate is 58% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.