NAT vs SHEL: Which Is the Better Dividend Stock?
As of July 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. NAT offers the higher yield at 14.55%, SHEL has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (+30%).
| Metric | NAT | SHEL |
|---|---|---|
| Forward yield | 14.55% | 3.58% |
| Annual dividend | $0.88 | $3.12 |
| Payout ratio | 182% | 45% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -10.4% | 17.2% |
| 5-yr total return | 155% | 120% |
| Dividend safety score | 39 (D) | 73 (B) |
| Fair value estimate | $5.24 | $113.22 |
| Upside to fair value | -13% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | $1.3B | $238.5B |
| P/E ratio | 23.7 | 13.6 |
Higher yield
NAT
14.55%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
SHEL
+30% upside
NAT vs SHEL — FAQ
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