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 US dollars or in pounds sterling. 
  • Dividends declared on Class B shares are paid by default in pounds sterling, although holders of Class B shares are able to elect to receive dividends in US dollars or in euros.
  • Dividends declared on ADSs are paid in US dollars.

Dividend Reinvestment Plans

With effect from the fourth quarter 2017 Interim Dividend, 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, were 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 option is offered by ABN AMRO Bank N.V. and JPMorgan Chase Bank, N.A. 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”) operated a Scrip Dividend Programme (the “Programme”) from 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 meant 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.

For reference purposes, you can download a copy of the Scrip Dividend Programme terms and conditions. See the dividend download library page for other scrip dividend related documents including US/UK tax basis documents.

Further Questions?

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.