ENB vs SHEL: Which Is the Better Dividend Stock?
As of Nov 2, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. ENB offers the higher yield at 5.66%, SHEL has the higher dividend-safety score, and ENB looks like the better value (its fair-value estimate is 3% below its share price).
Key facts: ENB vs SHEL
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, Enbridge Inc. (ENB) has the higher forward dividend yield at 5.66%, versus 2.88% for Shell plc (SHEL).
- As of Nov 2, 2026, SmarterDividends grades ENB's dividend safety C (59/100) and SHEL's B (75/100).
- By SmarterDividends' count as of Nov 2, 2026, ENB has raised its dividend for 2 consecutive years and SHEL for 5.
- As of Nov 2, 2026, ENB pays out 148% of its earnings as dividends and SHEL pays out 26%.
- As of Nov 2, 2026, ENB's fair-value estimate is 3% below its share price and SHEL's fair-value estimate is 21% below its share price, so ENB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ENB vs SHEL: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/enb-vs-shel
| Metric | ENB | SHEL |
|---|---|---|
| Forward yield | 5.66% | 2.88% |
| Annual dividend | $2.80 | $3.12 |
| Payout ratio | 148% | 26% |
| Years of growth | 2 yr | 5 yr |
| 5-yr dividend growth | 2.3% | 17.2% |
| 5-yr total return | 32% | 159% |
| Dividend safety score | 59 (C) | 75 (B) |
| Fair value estimate | $47.99 | $85.98 |
| Upside to fair value | -3% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $110.2B | $308.6B |
| P/E ratio | 26.4 | 12.0 |
Higher yield
ENB
5.66%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
ENB
-3% upside
ENB vs SHEL — FAQ
Is ENB or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (6 vs 2). ENB offers the higher yield (5.66%), 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, ENB or SHEL?
ENB has the higher forward dividend yield at 5.66%, versus 2.88% for SHEL.
Is ENB or SHEL safer?
SHEL has the higher dividend-safety score (75/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is ENB or SHEL better value right now?
As of Nov 2, 2026, ENB looks like the better value: its fair-value estimate is 3% below its share price (fairly valued). For SHEL, its fair-value estimate is 21% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.