OKE vs SHEL: Which Is the Better Dividend Stock?
As of July 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. OKE offers the higher yield at 4.58%, OKE has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (+30%).
| Metric | OKE | SHEL |
|---|---|---|
| Forward yield | 4.58% | 3.58% |
| Annual dividend | $4.28 | $3.12 |
| Payout ratio | 74% | 45% |
| Years of growth | 3 yr | 5 yr |
| 5-yr dividend growth | 2.0% | 17.2% |
| 5-yr total return | 78% | 120% |
| Dividend safety score | 89 (A) | 73 (B) |
| Fair value estimate | $99.40 | $113.22 |
| Upside to fair value | +6% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | $58.9B | $238.5B |
| P/E ratio | 16.7 | 13.6 |
Higher yield
OKE
4.58%
Safer dividend
OKE
Grade A
Faster growth
SHEL
17.2%
Better value
SHEL
+30% upside
OKE vs SHEL — FAQ
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