DKL vs XOM: Which Is the Better Dividend Stock?
As of September 2026, DKL and XOM are closely matched. DKL offers the higher yield at 7.91%, XOM has the higher dividend-safety score, and DKL trades at the larger discount to fair value (+50%).
| Metric | DKL | XOM |
|---|---|---|
| Forward yield | 7.91% | 2.49% |
| Annual dividend | $4.51 | $4.12 |
| Payout ratio | 155% | 53% |
| Years of growth | 12 yr | 24 yr |
| 5-yr dividend growth | 4.4% | 2.8% |
| 5-yr total return | 26% | 182% |
| Dividend safety score | 79 (B) | 92 (A) |
| Fair value estimate | $83.59 | $89.06 |
| Upside to fair value | +50% | -44% |
| Frequency | quarterly | quarterly |
| Market cap | $3.3B | $682.5B |
| P/E ratio | 19.8 | 21.3 |
Higher yield
DKL
7.91%
Safer dividend
XOM
Grade A
Faster growth
DKL
4.4%
Better value
DKL
+50% upside
DKL vs XOM — FAQ
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