SmarterDividends
SHEL

Shell plc

SHEL

Energy · Oil & Gas Integrated · Stock · quarterly payer

$106.66

Overvalued · -20% Add to Portfolio

Forward Yield

2.93%

Annual Dividend

$3.12

Payout Ratio

33%

5-Yr Growth

17.2%

Ex-Date

Aug 14, 2026

Frequency

Quarterly

Key facts about SHEL's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, Shell plc (SHEL) has a forward dividend yield of 2.93%, based on an annual dividend of $3.12 per share and a share price of $106.66.
  • As of Oct 19, 2026, SHEL's dividend safety grade from SmarterDividends is B (74 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Shell plc (SHEL) has raised its dividend for 5 consecutive years as of Oct 19, 2026.
  • SHEL last cut its regular dividend in 2020.
  • SHEL's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.78 per share.
  • As of Oct 19, 2026, SHEL pays out 33% of its trailing 12-month earnings as dividends (its payout ratio).
  • SHEL's dividend has grown at an average rate of 17.2% a year over the past five years.
  • As of Oct 19, 2026, SHEL's 2.93% yield is 22% below its five-year average yield of 3.78%.
  • As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for SHEL is $85.55 per share, 20% below the $106.66 share price, so SHEL screens as overvalued.
  • Shell plc (SHEL) pays its dividend quarterly, 4 times a year.
  • Shell plc (SHEL) has raised its regular dividend 39 times and cut it 7 times across the 126 payments on record since 1985. Its most recent change was a 5.0% increase to $0.781 per share, going ex-dividend on May 22, 2026. The last cut went ex-dividend on May 14, 2020.
Cite this page

SmarterDividends, "SHEL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/SHEL

Summary

As of Oct 19, 2026, Shell plc (SHEL) yields 2.93% ($3.12 a year per share), has a dividend safety grade of B (74/100) and has 5 consecutive years of dividend increases on record.

Is SHEL a good dividend stock?

Yes, with caveats

Shell plc (SHEL) pays a quarterly dividend yielding 2.93% ($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 (33%)
  • Strong 17.2% 5-yr dividend growth
  • 154% total price return over 5 years

Risks

  • Cut its dividend in 2020

Key Data

Dividend Yield
2.93%
Payout Ratio
33%
Annual Dividend
$3.12
5-Yr Avg Growth
17.2%
Ex-Dividend Date
Aug 14, 2026
Years of Growth
5
Frequency
quarterly
Beta
-0.19
Market Cap
$303.4B
P/E Ratio
11.8
5-Yr Total Return
154%
52-Week Range
$68.63 – $106.68
Dividend Safety
B · 74/100
Ever Cut?
Yes (2020)

SHEL dividend raises and cuts

Shell plc (SHEL) has raised its regular dividend 39 times and cut it 7 times across the 126 payments on record since 1985. Its most recent change was a 5.0% increase to $0.781 per share, going ex-dividend on May 22, 2026. The last cut went ex-dividend on May 14, 2020.

Ex-dateChangeOld → newMove
May 22, 2026Raise$0.744 → $0.781+5.0%
Feb 20, 2026Raise$0.716 → $0.744+3.9%
Feb 14, 2025Raise$0.688 → $0.716+4.1%
Feb 15, 2024Raise$0.662 → $0.688+3.9%
Aug 10, 2023Raise$0.575 → $0.662+15.1%
Feb 16, 2023Raise$0.500 → $0.575+15.0%
May 19, 2022Raise$0.480 → $0.500+4.2%
Aug 12, 2021Raise$0.347 → $0.480+38.3%
May 13, 2021Raise$0.333 → $0.347+4.2%
Nov 12, 2020Raise$0.320 → $0.333+4.1%
May 14, 2020Cut$0.940 → $0.320−66.0%
May 14, 2014Raise$0.900 → $0.940+4.4%
Show all 46 changes since 1986
Ex-dateChangeOld → newMove
May 15, 2013Raise$0.860 → $0.900+4.7%
May 9, 2012Raise$0.840 → $0.860+2.4%
May 6, 2009Raise$0.800 → $0.840+5.0%
May 14, 2008Raise$0.720 → $0.800+11.1%
May 9, 2007Raise$0.650 → $0.720+10.8%
Feb 7, 2007Raise$0.629 → $0.650+3.3%
May 10, 2006Raise$0.557 → $0.631+13.3%
Feb 8, 2006Raise$0.556 → $0.557+0.2%
Nov 2, 2005Raise$0.554 → $0.556+0.3%
Aug 3, 2005Cut$0.591 → $0.554−6.3%
Apr 29, 2005Cut$0.901 → $0.591−34.4%
Jul 30, 2004Raise$0.850 → $0.901+6.0%
Jul 25, 2003Raise$0.697 → $0.850+22.0%
Aug 2, 2002Raise$0.613 → $0.697+13.7%
Aug 3, 2001Raise$0.605 → $0.613+1.3%
Aug 4, 2000Cut$0.776 → $0.605−21.9%
May 10, 2000Raise$0.697 → $0.776+11.2%
Aug 6, 1999Cut$0.888 → $0.697−21.5%
May 10, 1999Raise$0.707 → $0.888+25.6%
Sep 14, 1998Raise$0.651 → $0.707+8.7%
Sep 15, 1997Raise$0.634 → $0.651+2.6%
Sep 16, 1996Raise$0.585 → $0.634+8.4%
Sep 18, 1995Raise$0.547 → $0.585+6.9%
Sep 19, 1994Raise$0.514 → $0.547+6.5%
Sep 13, 1993Cut$0.669 → $0.514−23.2%
May 14, 1993Raise$0.564 → $0.669+18.7%
Sep 14, 1992Raise$0.453 → $0.564+24.5%
Sep 16, 1991Cut$0.590 → $0.453−23.3%
May 17, 1991Raise$0.468 → $0.590+26.3%
Sep 18, 1990Raise$0.365 → $0.468+28.1%
Sep 19, 1989Raise$0.361 → $0.365+1.2%
Sep 20, 1988Raise$0.277 → $0.361+30.4%
Sep 15, 1987Raise$0.241 → $0.277+14.7%
Sep 16, 1986Raise$0.0359 → $0.241+571.3%
Every SHEL payment →Download every raise and cut (CSV)
SHEL ex-dividend date & scheduleNext ex-date Aug 14, 2026 · full ex-dividend historyView →SHEL dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is SHEL a good dividend stock?

Yes, with caveats. Shell plc (SHEL) pays a quarterly dividend yielding 2.93% ($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.

Is SHEL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SHEL's fair value is about $85.55 versus a $106.66 share price — so it looks overvalued (-20% vs. fair value).

Is SHEL's dividend safe?

SHEL has a dividend-safety grade of B (74/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is SHEL's fair value?

Our blended fair-value estimate for SHEL is about $85.55 per share, about 20% below the current $106.66 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SHEL a buy, hold, or sell?

We don't issue formal ratings, but on the data SHEL screens as "yes, with caveats" and overvalued. Shell plc (SHEL) pays a quarterly dividend yielding 2.93% ($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. This is research for your own analysis, not investment advice.

Will SHEL cut its dividend?

SHEL earns a dividend-safety grade of B (74/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SHEL pay a dividend?

Yes. Shell plc pays a quarterly dividend of about $3.12 per share annually, a forward yield of roughly 2.93%.

What is SHEL's dividend yield?

As of Oct 19, 2026, SHEL's forward dividend yield is 2.93%, based on a $3.12 annual dividend and a $106.66 share price.

What is SHEL's dividend per share?

As of Oct 19, 2026, SHEL pays $3.12 per share per year, distributed on a quarterly basis.

What is SHEL's dividend payout ratio?

As of Oct 19, 2026, SHEL's payout ratio is 33% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has SHEL grown its dividend?

As of Oct 19, 2026, SHEL has increased its dividend for 5 consecutive years.

When is the next SHEL ex-dividend date?

As of Oct 19, 2026, SHEL's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.78 per share.

SHEL Dividend News

SHEL
IncreaseSHEL·Jun 11, 2026

Shell Raises Quarterly Dividend, Extending Five-Year Growth Streak

Shell plc increased its quarterly dividend to $0.7812 per share, marking a fifth consecutive year of dividend growth after its 2020 cut.

Income Calculator

At $3.12 / yr per share

Per payment (quarterly)$78.00
Annual$312.00
Monthly avg$26.00

Similar Dividend Stocks

XOMXOMExxonMobil Holdings Corporation2.30%24 yrCVXCVXChevron Corporation3.16%38 yrPCCYFPCCYFPetroChina Company Limited6.33%EnergyRYDAFRYDAFShell plc3.00%Energy

Compare SHEL

SHEL vs XOMSHEL vs CVXSHEL vs PCCYFSHEL vs RYDAF

Explore more

Lists and tools related to SHEL