KMI vs SHEL: Which Is the Better Dividend Stock?
As of Oct 29, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. KMI offers the higher yield at 3.52%, SHEL has the higher dividend-safety score, and KMI looks like the better value (its fair-value estimate is 6% below its share price).
Key facts: KMI vs SHEL
Data as of · Source: SmarterDividends data
- As of Oct 29, 2026, Kinder Morgan, Inc. (KMI) has the higher forward dividend yield at 3.52%, versus 2.98% for Shell plc (SHEL).
- As of Oct 29, 2026, SmarterDividends grades KMI's dividend safety B (68/100) and SHEL's B (74/100).
- By SmarterDividends' count as of Oct 29, 2026, KMI has raised its dividend for 8 consecutive years and SHEL for 5.
- As of Oct 29, 2026, KMI pays out 73% of its earnings as dividends and SHEL pays out 33%.
- As of Oct 29, 2026, KMI's fair-value estimate is 6% below its share price and SHEL's fair-value estimate is 19% below its share price, so KMI looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "KMI vs SHEL: Dividend Yield, Safety & Value Compared," updated Oct 29, 2026, https://smarterdividends.com/compare/kmi-vs-shel
| Metric | KMI | SHEL |
|---|---|---|
| Forward yield | 3.52% | 2.98% |
| Annual dividend | $1.19 | $3.12 |
| Payout ratio | 73% | 33% |
| Years of growth | 8 yr | 5 yr |
| 5-yr dividend growth | 2.4% | 17.2% |
| 5-yr total return | 123% | 157% |
| Dividend safety score | 68 (B) | 74 (B) |
| Fair value estimate | $31.43 | $85.61 |
| Upside to fair value | -6% | -19% |
| Frequency | quarterly | quarterly |
| Market cap | $74.8B | $298.7B |
| P/E ratio | 20.7 | 11.6 |
Higher yield
KMI
3.52%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
KMI
-6% upside
KMI vs SHEL — FAQ
Is KMI or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (5 vs 3). KMI offers the higher yield (3.52%), 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, KMI or SHEL?
KMI has the higher forward dividend yield at 3.52%, versus 2.98% for SHEL.
Is KMI or SHEL safer?
SHEL has the higher dividend-safety score (74/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is KMI or SHEL better value right now?
As of Oct 29, 2026, KMI looks like the better value: its fair-value estimate is 6% below its share price (fairly valued). For SHEL, its fair-value estimate is 19% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.