NAT vs SHEL: Which Is the Better Dividend Stock?
As of September 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. NAT offers the higher yield at 14.86%, SHEL has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (-0%).
| Metric | NAT | SHEL |
|---|---|---|
| Forward yield | 14.86% | 3.27% |
| Annual dividend | $1.08 | $3.12 |
| Payout ratio | 107% | 33% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -10.4% | 17.2% |
| 5-yr total return | 183% | 109% |
| Dividend safety score | 39 (D) | 74 (B) |
| Fair value estimate | $6.74 | $92.49 |
| Upside to fair value | -7% | -0% |
| Frequency | quarterly | quarterly |
| Market cap | $1.5B | $274.5B |
| P/E ratio | 12.4 | 10.6 |
Higher yield
NAT
14.86%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
SHEL
-0% upside
NAT vs SHEL — FAQ
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