DKL vs SHEL: Which Is the Better Dividend Stock?
As of Oct 27, 2026, DKL (Delek Logistics Partners, LP) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. DKL offers the higher yield at 7.94%, DKL has the higher dividend-safety score, and DKL looks like the better value (its fair-value estimate is 83% above its share price).
Key facts: DKL vs SHEL
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Delek Logistics Partners, LP (DKL) has the higher forward dividend yield at 7.94%, versus 2.92% for Shell plc (SHEL).
- As of Oct 27, 2026, SmarterDividends grades DKL's dividend safety B (79/100) and SHEL's B (74/100).
- By SmarterDividends' count as of Oct 27, 2026, DKL has raised its dividend for 12 consecutive years and SHEL for 5.
- As of Oct 27, 2026, DKL pays out 155% of its earnings as dividends and SHEL pays out 33%.
- As of Oct 27, 2026, DKL's fair-value estimate is 83% above its share price and SHEL's fair-value estimate is 20% below its share price, so DKL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DKL vs SHEL: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/dkl-vs-shel
| Metric | DKL | SHEL |
|---|---|---|
| Forward yield | 7.94% | 2.92% |
| Annual dividend | $4.56 | $3.12 |
| Payout ratio | 155% | 33% |
| Years of growth | 12 yr | 5 yr |
| 5-yr dividend growth | 4.4% | 17.2% |
| 5-yr total return | 35% | 157% |
| Dividend safety score | 79 (B) | 74 (B) |
| Fair value estimate | $104.91 | $85.61 |
| Upside to fair value | +83% | -20% |
| Frequency | quarterly | quarterly |
| Market cap | $3.3B | $303.7B |
| P/E ratio | 19.9 | 11.8 |
Higher yield
DKL
7.94%
Safer dividend
DKL
Grade B
Faster growth
SHEL
17.2%
Better value
DKL
+83% upside
DKL vs SHEL — FAQ
Is DKL or SHEL a better dividend stock?
On the data, DKL wins more head-to-head categories (5 vs 3). DKL offers the higher yield (7.94%), while DKL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, DKL or SHEL?
DKL has the higher forward dividend yield at 7.94%, versus 2.92% for SHEL.
Is DKL or SHEL safer?
DKL has the higher dividend-safety score (79/100 vs 74/100), reflecting stronger payout coverage and dividend-growth history.
Is DKL or SHEL better value right now?
As of Oct 27, 2026, DKL looks like the better value: its fair-value estimate is 83% above its share price (undervalued). For SHEL, its fair-value estimate is 20% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.