SHEL vs TPL: Which Is the Better Dividend Stock?
As of Nov 6, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 8 of 8 head-to-head metrics. SHEL offers the higher yield at 3.12%, SHEL has the higher dividend-safety score, and SHEL looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: SHEL vs TPL
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Shell plc (SHEL) has the higher forward dividend yield at 3.12%, versus 0.83% for Texas Pacific Land Corporation (TPL).
- As of Nov 6, 2026, SmarterDividends grades SHEL's dividend safety B (75/100) and TPL's B (68/100).
- By SmarterDividends' count as of Nov 6, 2026, SHEL has raised its dividend for 5 consecutive years and TPL for 4.
- As of Nov 6, 2026, SHEL pays out 26% of its earnings as dividends and TPL pays out 29%.
- As of Nov 6, 2026, SHEL's fair-value estimate is 14% below its share price and TPL's fair-value estimate is 23% below its share price, so SHEL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SHEL vs TPL: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/shel-vs-tpl
| Metric | SHEL | TPL |
|---|---|---|
| Forward yield | 3.12% | 0.83% |
| Annual dividend | $3.12 | $2.40 |
| Payout ratio | 26% | 29% |
| Years of growth | 5 yr | 4 yr |
| 5-yr dividend growth | 17.2% | -18.1% |
| 5-yr total return | 159% | 147% |
| Dividend safety score | 75 (B) | 68 (B) |
| Fair value estimate | $85.98 | $210.09 |
| Upside to fair value | -14% | -23% |
| Frequency | quarterly | quarterly |
| Market cap | $283.7B | $18.8B |
| P/E ratio | 8.7 | 32.0 |
Higher yield
SHEL
3.12%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
SHEL
-14% upside
SHEL vs TPL — FAQ
Is SHEL or TPL a better dividend stock?
On the data, SHEL wins more head-to-head categories (8 vs 0). SHEL offers the higher yield (3.12%), 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, SHEL or TPL?
SHEL has the higher forward dividend yield at 3.12%, versus 0.83% for TPL.
Is SHEL or TPL safer?
SHEL has the higher dividend-safety score (75/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is SHEL or TPL better value right now?
As of Nov 6, 2026, SHEL looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For TPL, its fair-value estimate is 23% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.