ENB vs SHEL: Which Is the Better Dividend Stock?
As of June 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. ENB offers the higher yield at 4.98%, SHEL has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (+18%).
| Metric | ENB | SHEL |
|---|---|---|
| Forward yield | 4.98% | 3.65% |
| Annual dividend | $2.81 | $3.12 |
| Payout ratio | 129% | 45% |
| Years of growth | 2 yr | 5 yr |
| 5-yr dividend growth | 2.2% | 17.0% |
| 5-yr total return | 41% | 112% |
| Dividend safety score | 57 (C) | 73 (B) |
| Fair value estimate | $44.85 | $100.86 |
| Upside to fair value | -21% | +18% |
| Frequency | quarterly | quarterly |
| Market cap | $123.4B | $237.5B |
| P/E ratio | 26.8 | 13.3 |
Higher yield
ENB
4.98%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.0%
Better value
SHEL
+18% upside
ENB vs SHEL — FAQ
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