Shell plc
SHELEnergy · Stock · quarterly payer
Forward Yield
3.58%
Annual Dividend
$3.12
Payout Ratio
45%
5-Yr Growth
17.2%
Ex-Date
May 22, 2026
Frequency
Quarterly
Summary
As of July 2026, Shell plc (SHEL) yields 3.58% ($3.12 per share annually), with a blended fair-value estimate of $113.22 — +30% upside, so it screens as undervalued. Dividend safety grade: B (73/100). 5 years of dividend growth.
Is SHEL a good dividend stock?
Yes, with caveatsShell plc (SHEL) pays a quarterly dividend yielding 3.58% ($3.12/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (45%)
- Strong 17.2% 5-yr dividend growth
- 120% total price return over 5 years
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 3.58%
- Payout Ratio
- 45%
- Annual Dividend
- $3.12
- 5-Yr Avg Growth
- 17.2%
- Ex-Dividend Date
- May 22, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- -0.23
- Market Cap
- $238.5B
- P/E Ratio
- 13.6
- 5-Yr Total Return
- 120%
- 52-Week Range
- $68.63 – $94.90
- Dividend Safety
- B · 73/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
SHEL Price — Last 12 Months
Daily close
Price Return
1 Year
+18%
3 Years
+41%
5 Years
+120%
52-Week Range
$68.63 – $94.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SHEL worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Shell plc is $113.22 per share, versus a market price of $87.32. That implies 30% of upside — a margin of safety of about 23%.
Fair Value
$113.22
Current Price
$87.32
Upside
+30%
Margin of Safety
23%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 4.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 4.6% stage-1 growth, 2.5% terminal growth, $6.42 EPS, $3.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SHEL Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 22, 2026 | — | $0.7812 | regular |
| Feb 20, 2026 | — | $0.7440 | regular |
| Nov 14, 2025 | — | $0.7160 | regular |
| Aug 15, 2025 | — | $0.7160 | regular |
| May 16, 2025 | — | $0.7160 | regular |
| Feb 14, 2025 | — | $0.7160 | regular |
| Nov 15, 2024 | — | $0.6880 | regular |
| Aug 16, 2024 | — | $0.6880 | regular |
| May 16, 2024 | — | $0.6880 | regular |
| Feb 15, 2024 | — | $0.6880 | regular |
| Nov 16, 2023 | — | $0.6620 | regular |
| Aug 10, 2023 | — | $0.6620 | regular |
| May 18, 2023 | — | $0.5750 | regular |
| Feb 16, 2023 | — | $0.5750 | regular |
Income Calculator
At $3.12 / yr per share
