IMO vs SHEL: Which Is the Better Dividend Stock?
As of Nov 6, 2026, IMO and SHEL are closely matched. SHEL offers the higher yield at 3.12%, IMO has the higher dividend-safety score, and SHEL looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: IMO vs SHEL
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Shell plc (SHEL) has the higher forward dividend yield at 3.12%, versus 1.98% for Imperial Oil Limited (IMO).
- As of Nov 6, 2026, SmarterDividends grades IMO's dividend safety A (83/100) and SHEL's B (75/100).
- By SmarterDividends' count as of Nov 6, 2026, IMO has raised its dividend for 10 consecutive years and SHEL for 5.
- As of Nov 6, 2026, IMO pays out 26% of its earnings as dividends and SHEL pays out 26%.
- As of Nov 6, 2026, IMO's fair-value estimate is 29% below its share price and SHEL's fair-value estimate is 14% below its share price, so SHEL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "IMO vs SHEL: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/imo-vs-shel
| Metric | IMO | SHEL |
|---|---|---|
| Forward yield | 1.98% | 3.12% |
| Annual dividend | $2.49 | $3.12 |
| Payout ratio | 26% | 26% |
| Years of growth | 10 yr | 5 yr |
| 5-yr dividend growth | 25.5% | 17.2% |
| 5-yr total return | 317% | 159% |
| Dividend safety score | 83 (A) | 75 (B) |
| Fair value estimate | $89.18 | $85.98 |
| Upside to fair value | -29% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $59.3B | $283.7B |
| P/E ratio | 13.9 | 8.7 |
Higher yield
SHEL
3.12%
Safer dividend
IMO
Grade A
Faster growth
IMO
25.5%
Better value
SHEL
-14% upside
IMO vs SHEL — FAQ
Is IMO or SHEL a better dividend stock?
IMO and SHEL are closely matched. SHEL has the higher yield; IMO scores better on safety.
Which has a higher dividend yield, IMO or SHEL?
SHEL has the higher forward dividend yield at 3.12%, versus 1.98% for IMO.
Is IMO or SHEL safer?
IMO has the higher dividend-safety score (83/100 vs 75/100), reflecting stronger payout coverage and dividend-growth history.
Is IMO or SHEL better value right now?
As of Nov 6, 2026, SHEL looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For IMO, its fair-value estimate is 29% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.