PBA vs SHEL: Which Is the Better Dividend Stock?
As of Nov 5, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PBA offers the higher yield at 4.26%, SHEL has the higher dividend-safety score, and PBA looks like the better value (its fair-value estimate is 1% below its share price).
Key facts: PBA vs SHEL
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Pembina Pipeline Corporation (PBA) has the higher forward dividend yield at 4.26%, versus 3.07% for Shell plc (SHEL).
- As of Nov 5, 2026, SmarterDividends grades PBA's dividend safety D (49/100) and SHEL's B (75/100).
- By SmarterDividends' count as of Nov 5, 2026, PBA has raised its dividend for 3 consecutive years and SHEL for 5.
- As of Nov 5, 2026, PBA pays out 101% of its earnings as dividends and SHEL pays out 26%.
- As of Nov 5, 2026, PBA's fair-value estimate is 1% below its share price and SHEL's fair-value estimate is 16% below its share price, so PBA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PBA vs SHEL: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/pba-vs-shel
| Metric | PBA | SHEL |
|---|---|---|
| Forward yield | 4.26% | 3.07% |
| Annual dividend | $2.07 | $3.12 |
| Payout ratio | 101% | 26% |
| Years of growth | 3 yr | 5 yr |
| 5-yr dividend growth | 26.3% | 17.2% |
| 5-yr total return | 73% | 159% |
| Dividend safety score | 49 (D) | 75 (B) |
| Fair value estimate | $48.20 | $85.98 |
| Upside to fair value | -1% | -16% |
| Frequency | quarterly | quarterly |
| Market cap | $28.2B | $289.3B |
| P/E ratio | 23.7 | 8.9 |
Higher yield
PBA
4.26%
Safer dividend
SHEL
Grade B
Faster growth
PBA
26.3%
Better value
PBA
-1% upside
PBA vs SHEL — FAQ
Is PBA or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (5 vs 3). PBA offers the higher yield (4.26%), 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, PBA or SHEL?
PBA has the higher forward dividend yield at 4.26%, versus 3.07% for SHEL.
Is PBA or SHEL safer?
SHEL has the higher dividend-safety score (75/100 vs 49/100), reflecting stronger payout coverage and dividend-growth history.
Is PBA or SHEL better value right now?
As of Nov 5, 2026, PBA looks like the better value: its fair-value estimate is 1% below its share price (fairly valued). For SHEL, its fair-value estimate is 16% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.