When setting the dividend, the Board of Directors looks at a range of factors, including the macro environment, the current balance sheet and future investment plans. In addition, we may choose to return cash to shareholders through share buybacks, subject to the capital requirements of Shell. It is our intention that dividends will be declared and paid quarterly.
- Dividends are declared in US dollars and we announce the euro and sterling equivalent amounts at a later date.
- Dividends declared on Class A shares are paid by default in Euros, although holders of Class A shares are able to elect to receive dividends in sterling.
- Dividends declared on Class B shares are paid by default in sterling, although holders of Class B shares are able to elect to receive dividends in Euros.
- Dividends declared on ADSs are paid in US dollars.
Dividend Reinvestment Plans
With effect from the fourth quarter 2017 Interim Dividend, to be announced on February 1, 2018, the Dividend Reinvestment Plan (“DRIP”) provided by Equiniti Financial Services Limited (“EFSL”), part of the same group of companies as Royal Dutch Shell’s Registrar, Equiniti Limited, will be re-introduced. Shareholders interested in joining this DRIP can find more information online at www.shareview.co.uk/info/drip or by contacting Equiniti.
The dividend reinvestment options offered by ABN AMRO Bank N.V. and The Bank of New York Mellon will also be re-introduced at this time and shareholders interested in these options should contact the relevant provider as detailed below.
To be eligible for the next dividend, shareholders must make a valid election before the published date for the close of elections for that dividend.
Scrip Dividend Programme
Royal Dutch Shell plc (the “Company”) has operated a Scrip Dividend Programme (the “Programme”) since the first quarter interim dividend for 2015, however the Company announced on November 28, 2017 the cancellation of the Programme with effect from the fourth quarter 2017 interim dividend. The cancellation means that the fourth quarter 2017 interim dividend and future dividends will be settled entirely in cash, rather than the Company offering a share-based alternative.
The third quarter 2017 interim dividend, payable on December 20, 2017, is not affected and provides eligible shareholders with a choice to receive that dividend in cash or in shares via the Programme. The closing date for scrip election in relation to the third quarter 2017 Interim Dividend is December 1, 2017 (see the third quarter 2017 interim dividend announcement for more information about the scrip election date).
See the dividend download library page for other scrip dividend related documents including US/UK tax basis documents.
You can find the most frequently asked questions on the Q&A page in our Shares & Shareholder section.
Alternatively you can use the below table to identify who best to contact in case you have any further questions on RDS dividend policies or general help.