The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Oct 02, 2026
Snapshot (as of Oct 02, 2026): Shell plc (SHEL) pays a $2.99 annual dividend ($0.78 quarterly), yielding 3.14% at $95.95/share. Next ex-dividend date 2026-08-14. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.14%
Annual Dividend: $2.99 per share
Payout Ratio: 32.5%
Ex-Dividend Date: 2026-08-14
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 42
Shell plc dividend investors receive $3.02 per share annually from one of the world's largest integrated energy companies. SHEL operates across oil and gas exploration, LNG trading, refining, and a growing renewables division that includes wind, solar, and hydrogen. The current yield stands at 3.15%, paid quarterly, with the next ex-dividend date on August 14, 2026, and the last quarterly payment of $0.7812 per share. A beta of -0.218 means SHEL stock moves inversely to the broader market, which appeals to income investors seeking a dividend that behaves differently from equity benchmarks.
Shell plc pays out 32.5% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to absorb earnings pressure from commodity price swings, which are an inherent feature of integrated oil and gas operations. Shell plc dividend safety is further supported by the breadth of the business: revenue streams span upstream production, LNG trading, refining, chemicals, and retail energy, reducing dependence on any single segment. The most significant data-supported pressure point is the dividend's own history, which includes a sharp cut in 2020 and 2021, showing that commodity downturns can override even a low payout ratio.
Shell plc dividend history shows a CAGR of -1.1% per year from 2010 to 2025. Per-share payments moved from $3.36 at the start of the window to $2.864 by 2025 (with 2026 a partial year and not used in this calculation). The largest annual increase in the window was 64.9% in 2023, reflecting a recovery from the 2020-2021 cuts rather than organic growth. The window also contains at least one year-over-year decline exceeding 5%, which confirms the dividend is not on an unbroken upward path.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +13.1% | $1.98 (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 global energy, including LNG, refining, and renewables, paired with a moderate yield and a low payout ratio. At 3.15%, the current yield sits above the 5-year average of 2.45%, meaning today's entry point offers more income than the historical norm. The yield classification is moderate (2–4%), so this is not a high-income play. What an investor gets is a quarterly payer with a conservative payout ratio of 32.5% and three consecutive years of increases since the post-2020 recovery. The trade-off is a negative long-term CAGR of -1.1%, which means the dividend's purchasing power has eroded over the full 15-year window.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-14 | $0.7812 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.3064 |
| 2025 | $2.8640 |
| 2024 | $2.7520 |
| 2023 | $2.4740 |
| 2022 | $1.9800 |
Project income from SHEL with the SHEL dividend calculator or track your full portfolio with the dividend tracker.