Shell (RYDAF) Dividend Payout Ratio: 0.37 (As of Mar. 2026) — 31% Below Median


RYDAF Shell PLC RYDAF
70 GF Score
Price $38.95
GF Value $36.42
Valuation Fairly Valued
! 2 Warning Signs
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What is Shell Dividend Payout Ratio?

Shell RYDAF -2.50% 70 Dividend Payout Ratio is 0.37 as of Mar. 2026, which is 31% below its 10-year median of 0.54. GuruFocus rates RYDAF with a GF Score™ of 70/100 and a GF Value™ of $36.42 (Fairly Valued). The stock has 2 warning signs investors should review. Among 433 Oil & Gas companies, Shell ranks worse than 52.66% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Shell's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.37.

The historical rank and industry rank for Shell's Dividend Payout Ratio or its related term are showing as below:

RYDAF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.54   Max: 5.33
Current: 0.54

During the past 13 years, the highest Dividend Payout Ratio of Shell was 5.33. The lowest was 0.18. And the median was 0.54.

RYDAF's Dividend Payout Ratio is ranked worse than
52.66% of 433 companies
in the Oil & Gas industry
Industry Median: 0.5 vs RYDAF: 0.54

As of today (2026-06-24), the Dividend Yield % of Shell is 3.80%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Shell was 13.72%. The lowest was 2.79%. And the median was 4.29%.

Shell's Dividends per Share for the months ended in Mar. 2026 was $0.37.

During the past 12 months, Shell's average Dividends Per Share Growth Rate was 0.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -4.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Shell was 48.80% per year. The lowest was -25.40% per year. And the median was 5.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Shell (OTCPK:RYDAF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Shell Dividend Payout Ratio Related Terms

Shell Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Shell's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shell Dividend Payout Ratio Chart

Shell Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.18 0.44 0.54 0.54

Shell Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.61 0.41 1.49 0.37

RYDAF vs XOM, CVX: Dividend Payout Ratio Comparison

For the Oil & Gas Integrated subindustry, Shell's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shell Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shell's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Shell's Dividend Payout Ratio falls into.


RYDAF
70GF Score
Shell PLC RYDAF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shell Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Shell's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.432/ 2.666
=0.54

Shell's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.372/ 0.994
=0.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.37 mean?
Shell (RYDAF) has a Dividend Payout Ratio of 0.37 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Shell and its competitors. This is 31% below median its historical median of 0.54. Over the past decade, Shell's Dividend Payout Ratio has ranged from 0.18 to 5.33. According to the industry distribution chart, Shell ranks #228 out of 433 companies in the Oil & Gas industry, placing it in the top 52.7%.
Is Shell's Dividend Payout Ratio too high?
Shell's current Dividend Payout Ratio of 0.37 is 31% below median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 5.33. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Shell's value of 0.37 is 26% below this industry median. Based on the distribution chart, Shell ranks #228 out of 433 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Shell has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shell's Dividend Payout Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Shell ranks #228 out of 433 companies for Dividend Payout Ratio. This places Shell in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Shell's value of 0.37 is 26% below this benchmark. Historically, Shell's own Dividend Payout Ratio has ranged from 0.18 to 5.33 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.50, Shell has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Oil & Gas company?
The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shell's current Dividend Payout Ratio of 0.37 is 26% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Shell and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shell's current Dividend Payout Ratio is 0.37, which is 31% below median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shell stock overvalued right now?
Based on GuruFocus' analysis, Shell (RYDAF) is currently considered Fairly Valued. The stock's GF Value™ is $36.42, compared to a current price of $38.95 — trading 6.9% above its estimated fair value. The current Dividend Payout Ratio is 0.37, which is 31% below median its 10-year median of 0.54 and 26% below the Oil & Gas industry median of 0.50. Shell's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Shell (RYDAF), the current Dividend Payout Ratio is 0.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shell (RYDAF) Overvalued in 2026?

Based on GuruFocus' analysis, Shell stock appears to be overvalued. The current stock price of $38.95 is trading 6.9% above its estimated GF Value™ of $36.42. GuruFocus considers Shell to be Fairly Valued.

Key valuation signals for RYDAF:

  • Dividend Payout Ratio: 0.37 (31% below median its 10-year median of 0.54)
  • GF Value™: $36.42 vs. price of $38.95 (6.9% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 26% below the Oil & Gas median (#228 of 433)

No single metric tells the full story. See the RYDAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shell Business Description

Industry EnergyOil & Gas
Address Shell Centre, London, GBR, SE1 7NA
Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At year-end 2025, reserves stood at 8.1 billion barrels of oil equivalent, 44% of which consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with a capacity of 1.4 mmb/d located in the Americas, Asia, and Europe, and sells about 9 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Northwestern Europe, China, and North America.
70GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$38.95
Price
$36.42
GF Value