DKL vs SHEL: Which Is the Better Dividend Stock?
As of September 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 7.91%, DKL has the higher dividend-safety score, and DKL trades at the larger discount to fair value (+50%).
| Metric | DKL | SHEL |
|---|---|---|
| Forward yield | 7.91% | 3.26% |
| Annual dividend | $4.51 | $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 | 26% | 117% |
| Dividend safety score | 79 (B) | 74 (B) |
| Fair value estimate | $83.59 | $92.49 |
| Upside to fair value | +50% | -0% |
| Frequency | quarterly | quarterly |
| Market cap | $3.3B | $276.7B |
| P/E ratio | 19.8 | 10.6 |
Higher yield
DKL
7.91%
Safer dividend
DKL
Grade B
Faster growth
SHEL
17.2%
Better value
DKL
+50% upside
DKL vs SHEL — FAQ
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