CVX vs SM: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. CVX offers the higher yield at 3.36%, CVX has the higher dividend-safety score, and SM trades at the larger discount to fair value (-9%).
| Metric | CVX | SM |
|---|---|---|
| Forward yield | 3.36% | 2.23% |
| Annual dividend | $7.12 | $0.82 |
| Payout ratio | 67% | — |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 82.1% |
| 5-yr total return | 99% | 39% |
| Dividend safety score | 95 (A) | 66 (B) |
| Fair value estimate | $124.69 | $33.14 |
| Upside to fair value | -38% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $414.5B | $8.9B |
| P/E ratio | 20.4 | 6.8 |
Higher yield
CVX
3.36%
Safer dividend
CVX
Grade A
Faster growth
SM
82.1%
Better value
SM
-9% upside
CVX vs SM — FAQ
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