PAGP vs SHEL: Which Is the Better Dividend Stock?
As of Oct 18, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PAGP offers the higher yield at 6.08%, SHEL has the higher dividend-safety score, and PAGP looks like the better value (its fair-value estimate is 14% above its share price).
Key facts: PAGP vs SHEL
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Plains GP Holdings, L.P. (PAGP) has the higher forward dividend yield at 6.08%, versus 2.93% for Shell plc (SHEL).
- As of Oct 18, 2026, SmarterDividends grades PAGP's dividend safety C (62/100) and SHEL's B (74/100).
- By SmarterDividends' count as of Oct 18, 2026, PAGP has raised its dividend for 4 consecutive years and SHEL for 5.
- As of Oct 18, 2026, PAGP pays out 363% of its earnings as dividends and SHEL pays out 33%.
- As of Oct 18, 2026, PAGP's fair-value estimate is 14% above its share price and SHEL's fair-value estimate is 20% below its share price, so PAGP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PAGP vs SHEL: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/pagp-vs-shel
| Metric | PAGP | SHEL |
|---|---|---|
| Forward yield | 6.08% | 2.93% |
| Annual dividend | $1.67 | $3.12 |
| Payout ratio | 363% | 33% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 16.1% | 17.2% |
| 5-yr total return | 175% | 154% |
| Dividend safety score | 62 (C) | 74 (B) |
| Fair value estimate | $31.36 | $85.55 |
| Upside to fair value | +14% | -20% |
| Frequency | quarterly | quarterly |
| Market cap | $6.4B | $303.4B |
| P/E ratio | 62.4 | 11.8 |
Higher yield
PAGP
6.08%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
PAGP
+14% upside
PAGP vs SHEL — FAQ
Is PAGP or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (5 vs 3). PAGP offers the higher yield (6.08%), 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, PAGP or SHEL?
PAGP has the higher forward dividend yield at 6.08%, versus 2.93% for SHEL.
Is PAGP or SHEL safer?
SHEL has the higher dividend-safety score (74/100 vs 62/100), reflecting stronger payout coverage and dividend-growth history.
Is PAGP or SHEL better value right now?
As of Oct 18, 2026, PAGP 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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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.