PAA 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. PAA offers the higher yield at 6.84%, SHEL has the higher dividend-safety score, and PAA trades at the larger discount to fair value (+151%).
| Metric | PAA | SHEL |
|---|---|---|
| Forward yield | 6.84% | 3.58% |
| Annual dividend | $1.63 | $3.12 |
| Payout ratio | 140% | 45% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 16.1% | 17.2% |
| 5-yr total return | 156% | 120% |
| Dividend safety score | 55 (C) | 73 (B) |
| Fair value estimate | $59.95 | $113.22 |
| Upside to fair value | +151% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | $17.2B | $238.5B |
| P/E ratio | 21.5 | 13.6 |
Higher yield
PAA
6.84%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
PAA
+151% upside
PAA vs SHEL — FAQ
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