DVN vs SHEL: Which Is the Better Dividend Stock?
As of Oct 25, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SHEL offers the higher yield at 2.89%, SHEL has the higher dividend-safety score, and DVN looks like the better value (its fair-value estimate is 10% below its share price).
Key facts: DVN vs SHEL
Data as of · Source: SmarterDividends data
- As of Oct 25, 2026, Shell plc (SHEL) has the higher forward dividend yield at 2.89%, versus 2.49% for Devon Energy Corporation (DVN).
- As of Oct 25, 2026, SmarterDividends grades DVN's dividend safety B (66/100) and SHEL's B (74/100).
- By SmarterDividends' count as of Oct 25, 2026, DVN has raised its dividend for 0 consecutive years and SHEL for 5.
- As of Oct 25, 2026, DVN pays out 23% of its earnings as dividends and SHEL pays out 33%.
- As of Oct 25, 2026, DVN's fair-value estimate is 10% below its share price and SHEL's fair-value estimate is 21% below its share price, so DVN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DVN vs SHEL: Dividend Yield, Safety & Value Compared," updated Oct 25, 2026, https://smarterdividends.com/compare/dvn-vs-shel
| Metric | DVN | SHEL |
|---|---|---|
| Forward yield | 2.49% | 2.89% |
| Annual dividend | $1.28 | $3.12 |
| Payout ratio | 23% | 33% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 18.0% | 17.2% |
| 5-yr total return | 22% | 157% |
| Dividend safety score | 66 (B) | 74 (B) |
| Fair value estimate | $46.29 | $85.59 |
| Upside to fair value | -10% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $56.5B | $307.4B |
| P/E ratio | 11.2 | 11.9 |
Higher yield
SHEL
2.89%
Safer dividend
SHEL
Grade B
Faster growth
DVN
18.0%
Better value
DVN
-10% upside
DVN vs SHEL — FAQ
Is DVN or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (5 vs 3). SHEL offers the higher yield (2.89%), 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, DVN or SHEL?
SHEL has the higher forward dividend yield at 2.89%, versus 2.49% for DVN.
Is DVN or SHEL safer?
SHEL has the higher dividend-safety score (74/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is DVN or SHEL better value right now?
As of Oct 25, 2026, DVN looks like the better value: its fair-value estimate is 10% below its share price (fairly valued). For SHEL, its fair-value estimate is 21% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.