The dispersed fringe sensor (DFS) has been demonstrated as an effective means of measuring mirror segment piston error for telescopes with primary mirror apertures below 10 meters. With larger proposed telescopes such as The Thirty Meter Telescope (TMT) and The European Large Telescope (ELT) including ever more segments, there is a need for improvement in the co-phasing capability for segmented primary mirrors. In this paper a novel DFS that employs polarization phase shifting technology is introduced. This novel technology provides system designers and engineers with a new tool to extend the dynamic range of a DFS.