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Data last updated: Jul 04, 2026
Dividend Yield: 3.82%
Annual Dividend: $1.48 per share
Payout Ratio: 44.8%
Ex-Dividend Date: 2026-05-22
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 42
Shell plc is one of the world's largest integrated energy companies, spanning crude oil and natural gas exploration, LNG trading, refining, and a growing renewables division. The Shell plc dividend currently yields 3.8%, with a trailing annual rate of $1.4607 per share paid quarterly. The next ex-dividend date is May 22, 2026, with the most recent quarterly payment of $0.7812 per share. SHEL's negative beta of -0.248 sets it apart from most equities, making it a distinctive option for income-focused investors seeking a dividend that moves differently from the broader market.
Shell plc pays out 44.8% of earnings as dividends, a payout ratio classified as moderate (40-60%). That level leaves meaningful room to absorb earnings pressure without immediately threatening the dividend, and Shell's diversified operations across Integrated Gas, Upstream, Marketing, Chemicals, and Renewables spread revenue across multiple energy segments. Shell plc dividend safety is further supported by the breadth of its commodity trading activities, which span natural gas, LNG, crude oil, and electricity. The most significant data-supported risk is commodity price volatility: the dividend history shows a sharp cut in 2020, demonstrating that energy price downturns can override even a moderate payout ratio.
Shell plc dividend history shows a CAGR of -1.1% per year from 2010 to 2025. The per-share annual dividend moved from $3.3600 in 2010 to $2.8640 in 2025 (with 2026 a partial year and not used in this calculation). The largest annual increase in the window was 64.9% in 2023, which reflects recovery from the 2020 cut rather than organic acceleration. Growth is slow on a long-run basis, and the negative CAGR tells income investors that the dividend has not kept pace with inflation over this period.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +24.1% | $1.50 (2022) | $2.86 (2025) |
| 5-Year | +8.4% | $1.91 (2020) | $2.86 (2025) |
| 10-Year | -2.7% | $3.76 (2015) | $2.86 (2025) |
SHEL fits income-focused investors who want exposure to a globally diversified energy business and can accept a dividend with a volatile history. The current yield of 3.8% sits in the moderate (2-4%) range and is meaningfully above the 5-year average of 3.06%, which reflects the post-cut recovery in per-share payments. The 44.8% payout ratio provides a buffer at current earnings levels. The trade-off is clear: Shell plc stock carries a history of dividend cuts tied to commodity cycles, and the long-run CAGR of -1.1% means the dividend has not grown in real terms. Income is the draw here; dividend growth is not.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-22 | $0.7812 |
| 2026-02-20 | $0.7440 |
| 2025-11-14 | $0.7160 |
| 2025-08-15 | $0.7160 |
| 2025-05-16 | $0.7160 |
| 2025-02-14 | $0.7160 |
| 2024-11-15 | $0.6880 |
| 2024-08-16 | $0.6880 |
| 2024-05-16 | $0.6880 |
| 2024-02-15 | $0.6880 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.5252 |
| 2025 | $2.8640 |
| 2024 | $2.7520 |
| 2023 | $2.4740 |
| 2022 | $1.5000 |
Project income from SHEL with the SHEL dividend calculator or track your full portfolio with the dividend tracker.