HESM vs SHEL: Which Is the Better Dividend Stock?
As of Oct 27, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HESM offers the higher yield at 9.90%, SHEL has the higher dividend-safety score, and HESM looks like the better value (its fair-value estimate is 46% above its share price).
Key facts: HESM vs SHEL
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Hess Midstream LP (HESM) has the higher forward dividend yield at 9.90%, versus 2.92% for Shell plc (SHEL).
- As of Oct 27, 2026, SmarterDividends grades HESM's dividend safety B (66/100) and SHEL's B (74/100).
- By SmarterDividends' count as of Oct 27, 2026, HESM has raised its dividend for 8 consecutive years and SHEL for 5.
- As of Oct 27, 2026, HESM pays out 105% of its earnings as dividends and SHEL pays out 33%.
- As of Oct 27, 2026, HESM's fair-value estimate is 46% above its share price and SHEL's fair-value estimate is 20% below its share price, so HESM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HESM vs SHEL: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/hesm-vs-shel
| Metric | HESM | SHEL |
|---|---|---|
| Forward yield | 9.90% | 2.92% |
| Annual dividend | $3.09 | $3.12 |
| Payout ratio | 105% | 33% |
| Years of growth | 8 yr | 5 yr |
| 5-yr dividend growth | 10.8% | 17.2% |
| 5-yr total return | 24% | 157% |
| Dividend safety score | 66 (B) | 74 (B) |
| Fair value estimate | $45.41 | $85.61 |
| Upside to fair value | +46% | -20% |
| Frequency | quarterly | quarterly |
| Market cap | $6.4B | $303.7B |
| P/E ratio | 10.8 | 11.8 |
Higher yield
HESM
9.90%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
HESM
+46% upside
HESM vs SHEL — FAQ
Is HESM or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (5 vs 3). HESM offers the higher yield (9.90%), 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, HESM or SHEL?
HESM has the higher forward dividend yield at 9.90%, versus 2.92% for SHEL.
Is HESM or SHEL safer?
SHEL has the higher dividend-safety score (74/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is HESM or SHEL better value right now?
As of Oct 27, 2026, HESM looks like the better value: its fair-value estimate is 46% above its share price (undervalued). For SHEL, its fair-value estimate is 20% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.