CVE vs SHEL: Which Is the Better Dividend Stock?
As of Nov 5, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SHEL offers the higher yield at 3.07%, SHEL has the higher dividend-safety score, and SHEL looks like the better value (its fair-value estimate is 16% below its share price).
Key facts: CVE vs SHEL
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Shell plc (SHEL) has the higher forward dividend yield at 3.07%, versus 2.21% for Cenovus Energy Inc. (CVE).
- As of Nov 5, 2026, SmarterDividends grades CVE's dividend safety C (59/100) and SHEL's B (75/100).
- By SmarterDividends' count as of Nov 5, 2026, CVE has raised its dividend for 4 consecutive years and SHEL for 5.
- As of Nov 5, 2026, CVE pays out 23% of its earnings as dividends and SHEL pays out 26%.
- As of Nov 5, 2026, CVE's fair-value estimate is 30% below its share price and SHEL's fair-value estimate is 16% below its share price, so SHEL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVE vs SHEL: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/cve-vs-shel
| Metric | CVE | SHEL |
|---|---|---|
| Forward yield | 2.21% | 3.07% |
| Annual dividend | $0.63 | $3.12 |
| Payout ratio | 23% | 26% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 24.8% | 17.2% |
| 5-yr total return | 176% | 159% |
| Dividend safety score | 59 (C) | 75 (B) |
| Fair value estimate | $20.02 | $85.98 |
| Upside to fair value | -30% | -16% |
| Frequency | quarterly | quarterly |
| Market cap | $51.4B | $289.3B |
| P/E ratio | 10.9 | 8.9 |
Higher yield
SHEL
3.07%
Safer dividend
SHEL
Grade B
Faster growth
CVE
24.8%
Better value
SHEL
-16% upside
CVE vs SHEL — FAQ
Is CVE or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (5 vs 3). SHEL offers the higher yield (3.07%), while SHEL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CVE or SHEL?
SHEL has the higher forward dividend yield at 3.07%, versus 2.21% for CVE.
Is CVE or SHEL safer?
SHEL has the higher dividend-safety score (75/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is CVE or SHEL better value right now?
As of Nov 5, 2026, SHEL looks like the better value: its fair-value estimate is 16% below its share price (overvalued). For CVE, its fair-value estimate is 30% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.