SmarterDividends

ENB vs SHEL: Which Is the Better Dividend Stock?

As of September 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. ENB offers the higher yield at 5.86%, SHEL has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (-10%).

MetricENBSHEL
Forward yield5.86%3.23%
Annual dividend$2.80$3.12
Payout ratio148%33%
Years of growth2 yr5 yr
5-yr dividend growth2.3%17.2%
5-yr total return20%117%
Dividend safety score59 (C)74 (B)
Fair value estimate$40.86$87.49
Upside to fair value-14%-10%
Frequencyquarterlyquarterly
Market cap$104.3B$276.7B
P/E ratio25.410.7

Higher yield

ENB

5.86%

Safer dividend

SHEL

Grade B

Faster growth

SHEL

17.2%

Better value

SHEL

-10% upside

ENB vs SHEL — FAQ

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