CVX vs TRGP: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. CVX offers the higher yield at 3.50%, CVX has the higher dividend-safety score, and TRGP trades at the larger discount to fair value (-16%).
| Metric | CVX | TRGP |
|---|---|---|
| Forward yield | 3.50% | 1.73% |
| Annual dividend | $7.12 | $5.00 |
| Payout ratio | 67% | 41% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 56.5% |
| 5-yr total return | 83% | — |
| Dividend safety score | 95 (A) | 53 (C) |
| Fair value estimate | $116.68 | $245.30 |
| Upside to fair value | -44% | -16% |
| Frequency | quarterly | quarterly |
| Market cap | $397.0B | $60.5B |
| P/E ratio | 19.6 | 27.7 |
Higher yield
CVX
3.50%
Safer dividend
CVX
Grade A
Faster growth
TRGP
56.5%
Better value
TRGP
-16% upside
CVX vs TRGP — FAQ
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