SHEL vs SM: Which Is the Better Dividend Stock?
As of September 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. SHEL offers the higher yield at 3.37%, SHEL has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (+21%).
| Metric | SHEL | SM |
|---|---|---|
| Forward yield | 3.37% | 2.23% |
| Annual dividend | $3.12 | $0.82 |
| Payout ratio | 33% | — |
| Years of growth | 5 yr | 4 yr |
| 5-yr dividend growth | 17.2% | 82.1% |
| 5-yr total return | 104% | 39% |
| Dividend safety score | 74 (B) | 66 (B) |
| Fair value estimate | $109.78 | $33.14 |
| Upside to fair value | +21% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $254.0B | $8.9B |
| P/E ratio | 10.2 | 6.8 |
Higher yield
SHEL
3.37%
Safer dividend
SHEL
Grade B
Faster growth
SM
82.1%
Better value
SHEL
+21% upside
SHEL vs SM — FAQ
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