NRP vs SHEL: Which Is the Better Dividend Stock?
As of August 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. SHEL offers the higher yield at 3.45%, SHEL has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (+30%).
| Metric | NRP | SHEL |
|---|---|---|
| Forward yield | 2.92% | 3.45% |
| Annual dividend | $3.00 | $3.12 |
| Payout ratio | 38% | 33% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 10.8% | 17.2% |
| 5-yr total return | 342% | 103% |
| Dividend safety score | 56 (C) | 74 (B) |
| Fair value estimate | $126.75 | $117.69 |
| Upside to fair value | +21% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | — | $249.8B |
| P/E ratio | 13.3 | 10.0 |
Higher yield
SHEL
3.45%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
SHEL
+30% upside
NRP vs SHEL — FAQ
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