CVX vs VOC: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. VOC offers the higher yield at 16.24%, CVX has the higher dividend-safety score, and VOC looks like the better value (its fair-value estimate is 201% above its share price).
Key facts: CVX vs VOC
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, VOC Energy Trust (VOC) has the higher forward dividend yield at 16.24%, versus 3.07% for Chevron Corporation (CVX).
- As of Oct 27, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and VOC's D (49/100).
- By SmarterDividends' count as of Oct 27, 2026, CVX has raised its dividend for 38 consecutive years and VOC for 0.
- As of Oct 27, 2026, CVX pays out 67% of its earnings as dividends and VOC pays out 100%.
- As of Oct 27, 2026, CVX's fair-value estimate is 52% below its share price and VOC's fair-value estimate is 201% above its share price, so VOC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs VOC: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/cvx-vs-voc
| Metric | CVX | VOC |
|---|---|---|
| Forward yield | 3.07% | 16.24% |
| Annual dividend | $7.12 | $0.58 |
| Payout ratio | 67% | 100% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 7.7% |
| 5-yr total return | 107% | -23% |
| Dividend safety score | 95 (A) | 49 (D) |
| Fair value estimate | $111.37 | $10.64 |
| Upside to fair value | -52% | +201% |
| Frequency | quarterly | quarterly |
| Market cap | $455.1B | $60.2M |
| P/E ratio | 22.3 | 8.6 |
Higher yield
VOC
16.24%
Safer dividend
CVX
Grade A
Faster growth
VOC
7.7%
Better value
VOC
+201% upside
CVX vs VOC — FAQ
Is CVX or VOC a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). VOC offers the higher yield (16.24%), 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 VOC?
VOC has the higher forward dividend yield at 16.24%, versus 3.07% for CVX.
Is CVX or VOC safer?
CVX has the higher dividend-safety score (95/100 vs 49/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or VOC better value right now?
As of Oct 27, 2026, VOC looks like the better value: its fair-value estimate is 201% above its share price (undervalued). For CVX, its fair-value estimate is 52% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.