The goalless draw at home to Tottenham on Monday may have been disappointing in some respects but it earned the Spain international his 10th shut-out in 24 matches.
That put him level with Manchester City's Joe Hart in the race for the golden glove, which Reina won in three consecutive seasons from 2005.
In 244 league appearances for Liverpool since joining from Villarreal in July 2005 he has kept a total of 118 clean sheets.
And while the 29-year-old has undoubtedly played a key role - highlighted when he made a good block to deny Gareth Bale in a late one-on-one at the start of the week - Dalglish feels everyone has contributed.
"The clean sheet on Monday was Pepe's 10th of the season, which puts him at the top of the list in the division," said the Reds boss, whose side have the second best defensive record behind leaders City.
"But while it is the goalkeeper who gets the recognition, everybody plays a part in achieving those clean sheets.
"Pepe made a really good save late on in the game on Monday and, like the rest of the team, made an important contribution to us getting the result.
"Like everything else, whether you're attacking the goal or whether you're defending it, everybody has to be taken into consideration.
"They have all made a contribution to us not losing too many goals."
Dalglish told LFC Weekly: "The forwards work hard to play their part and you could go straight through the team.
"In the same way, everybody contributes to making a goal.
"Individuals rightly receive praise on occasion but the most important thing for us is that they are in it collectively.
"That's the reason why they have been successful. It's a good recipe."
Liverpool will face off with Manchester United at Old Trafford on Saturday.