CVX vs UGP: Which Is the Better Dividend Stock?
As of August 2026, UGP (Ultrapar Participacoes S.A. (Ne) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. UGP offers the higher yield at 5.57%, CVX has the higher dividend-safety score, and UGP trades at the larger discount to fair value (+142%).
| Metric | CVX | UGP |
|---|---|---|
| Forward yield | 3.47% | 5.57% |
| Annual dividend | $7.12 | $0.38 |
| Payout ratio | 67% | 40% |
| Years of growth | 38 yr | 2 yr |
| 5-yr dividend growth | 5.8% | 7.2% |
| 5-yr total return | 102% | 150% |
| Dividend safety score | 97 (A) | 50 (C) |
| Fair value estimate | $108.84 | $16.31 |
| Upside to fair value | -47% | +142% |
| Frequency | quarterly | semiannual |
| Market cap | $402.7B | $7.2B |
| P/E ratio | 19.8 | 10.7 |
Higher yield
UGP
5.57%
Safer dividend
CVX
Grade A
Faster growth
UGP
7.2%
Better value
UGP
+142% upside
CVX vs UGP — FAQ
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