NOG vs SHEL: Which Is the Better Dividend Stock?
As of Nov 8, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NOG offers the higher yield at 7.88%, SHEL has the higher dividend-safety score, and NOG looks like the better value (its fair-value estimate is 70% above its share price).
Key facts: NOG vs SHEL
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Northern Oil and Gas, Inc. (NOG) has the higher forward dividend yield at 7.88%, versus 3.15% for Shell plc (SHEL).
- As of Nov 8, 2026, SmarterDividends grades NOG's dividend safety C (59/100) and SHEL's B (75/100).
- By SmarterDividends' count as of Nov 8, 2026, NOG has raised its dividend for 4 consecutive years and SHEL for 5.
- As of Nov 8, 2026, NOG pays out 462% of its earnings as dividends and SHEL pays out 26%.
- As of Nov 8, 2026, NOG's fair-value estimate is 70% above its share price and SHEL's fair-value estimate is 8% below its share price, so NOG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NOG vs SHEL: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/nog-vs-shel
| Metric | NOG | SHEL |
|---|---|---|
| Forward yield | 7.88% | 3.15% |
| Annual dividend | $1.80 | $3.12 |
| Payout ratio | 462% | 26% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | — | 17.2% |
| 5-yr total return | 12% | 136% |
| Dividend safety score | 59 (C) | 75 (B) |
| Fair value estimate | $38.93 | $90.92 |
| Upside to fair value | +70% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $2.4B | $280.6B |
| P/E ratio | — | 8.6 |
Higher yield
NOG
7.88%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
NOG
+70% upside
NOG vs SHEL — FAQ
Is NOG or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (5 vs 2). NOG offers the higher yield (7.88%), 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, NOG or SHEL?
NOG has the higher forward dividend yield at 7.88%, versus 3.15% for SHEL.
Is NOG or SHEL safer?
SHEL has the higher dividend-safety score (75/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is NOG or SHEL better value right now?
As of Nov 8, 2026, NOG looks like the better value: its fair-value estimate is 70% above its share price (undervalued). For SHEL, its fair-value estimate is 8% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.