DKL vs SHEL: Which Is the Better Dividend Stock?
As of July 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 8.18%, DKL has the higher dividend-safety score, and DKL trades at the larger discount to fair value (+142%).
| Metric | DKL | SHEL |
|---|---|---|
| Forward yield | 8.18% | 3.58% |
| Annual dividend | $4.49 | $3.12 |
| Payout ratio | 141% | 45% |
| Years of growth | 12 yr | 5 yr |
| 5-yr dividend growth | 4.4% | 17.2% |
| 5-yr total return | 27% | 120% |
| Dividend safety score | 78 (B) | 73 (B) |
| Fair value estimate | $133.06 | $113.22 |
| Upside to fair value | +142% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | $2.9B | $238.5B |
| P/E ratio | 17.3 | 13.6 |
Higher yield
DKL
8.18%
Safer dividend
DKL
Grade B
Faster growth
SHEL
17.2%
Better value
DKL
+142% upside
DKL vs SHEL — FAQ
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