CVX vs KMI: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. KMI offers the higher yield at 3.82%, CVX has the higher dividend-safety score, and KMI trades at the larger discount to fair value (+14%).
| Metric | CVX | KMI |
|---|---|---|
| Forward yield | 3.33% | 3.82% |
| Annual dividend | $7.12 | $1.18 |
| Payout ratio | 67% | 76% |
| Years of growth | 38 yr | 8 yr |
| 5-yr dividend growth | 5.8% | 2.4% |
| 5-yr total return | 111% | 84% |
| Dividend safety score | 95 (A) | 71 (B) |
| Fair value estimate | $118.08 | $35.16 |
| Upside to fair value | -45% | +14% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | $68.7B |
| P/E ratio | 20.6 | 19.9 |
Higher yield
KMI
3.82%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
KMI
+14% upside
CVX vs KMI — FAQ
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