NFG vs SHEL: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NFG and SHEL are closely matched. SHEL offers the higher yield at 2.93%, NFG has the higher dividend-safety score, and NFG looks like the better value (its fair-value estimate is 14% above its share price).
Key facts: NFG vs SHEL
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Shell plc (SHEL) has the higher forward dividend yield at 2.93%, versus 2.78% for National Fuel Gas Company (NFG).
- As of Oct 18, 2026, SmarterDividends grades NFG's dividend safety A (97/100) and SHEL's B (74/100).
- By SmarterDividends' count as of Oct 18, 2026, NFG has raised its dividend for 27 consecutive years and SHEL for 5.
- As of Oct 18, 2026, NFG pays out 30% of its earnings as dividends and SHEL pays out 33%.
- As of Oct 18, 2026, NFG's fair-value estimate is 14% above its share price and SHEL's fair-value estimate is 20% below its share price, so NFG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NFG vs SHEL: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/nfg-vs-shel
| Metric | NFG | SHEL |
|---|---|---|
| Forward yield | 2.78% | 2.93% |
| Annual dividend | $2.22 | $3.12 |
| Payout ratio | 30% | 33% |
| Years of growth | 27 yr | 5 yr |
| 5-yr dividend growth | 3.7% | 17.2% |
| 5-yr total return | 38% | 154% |
| Dividend safety score | 97 (A) | 74 (B) |
| Fair value estimate | $90.96 | $85.55 |
| Upside to fair value | +14% | -20% |
| Frequency | quarterly | quarterly |
| Market cap | $7.6B | $303.4B |
| P/E ratio | 11.1 | 11.8 |
Higher yield
SHEL
2.93%
Safer dividend
NFG
Grade A
Faster growth
SHEL
17.2%
Better value
NFG
+14% upside
NFG vs SHEL — FAQ
Is NFG or SHEL a better dividend stock?
NFG and SHEL are closely matched. SHEL has the higher yield; NFG scores better on safety.
Which has a higher dividend yield, NFG or SHEL?
SHEL has the higher forward dividend yield at 2.93%, versus 2.78% for NFG.
Is NFG or SHEL safer?
NFG has the higher dividend-safety score (97/100 vs 74/100), reflecting stronger payout coverage and dividend-growth history.
Is NFG or SHEL better value right now?
As of Oct 18, 2026, NFG looks like the better value: its fair-value estimate is 14% above its share price (fairly valued). For SHEL, its fair-value estimate is 20% below its share price.
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