UPDATED FEBRUARY 1, 2019
The Board of Royal Dutch Shell plc (“RDS” or the “Company”) announced on January 31, 2019 an interim dividend in respect of the fourth quarter of 2018 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”), equal to the US dollar dividend for the same quarter last year.
[UPDATED FEBRUARY 1, 2019]: The Board expects that the first quarter 2019 interim dividend will be US$0.47, equal to the US dollar dividend for the same quarter in the previous year. The first quarter 2019 interim dividend is scheduled to be announced on May 2, 2019. [UPDATE ENDS]
Details relating to the fourth quarter 2018 interim dividend
It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism from UK-sourced income of the Shell group.
|Per ordinary share||Q4 2018|
|RDS A shares (US$)||0.47|
|RDS B shares (US$)||0.47|
Cash dividends on A Shares will be paid, by default, in euro, although holders of A Shares will be able to elect to receive dividends in pounds sterling.
Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in euro.
The pounds sterling and euro equivalent dividend payments will be announced on March 11, 2019.
|Per ADS||Q4 2018|
|RDS A ADSs (US$)||0.94|
|RDS B ADSs (US$)||0.94|
Cash dividends on American Depository Shares (“ADSs”) will be paid in US dollars.
ADSs are listed on the New York Stock Exchange under the symbols RDS.A and RDS.B. Each ADS represents two ordinary shares, two A Shares in the case of RDS.A or two B Shares in the case of RDS.B. ADSs are evidenced by an American Depositary Receipt (ADR) certificate. In many cases the terms ADR and ADS are used interchangeably.
Dividend timetable for the fourth quarter 2018 interim dividend
|Announcement date||January 31, 2019|
|Ex-dividend date||February 14, 2019|
|Record date||February 15, 2019|
|Closing date for currency election (see Note below)||March 1, 2019|
|Pounds sterling and euro equivalents announcement date||March 11, 2019|
|Payment date||March 25, 2019|
A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.
Taxation - cash dividends
Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.
If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.
Dividend Reinvestment Plans
Equiniti Financial Services Limited, part of the same group of companies as the Company’s Registrar, Equiniti Limited, operates a Dividend Reinvestment Plan (“DRIP”) which enables RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them.
ABN AMRO Bank N.V. and JP Morgan Chase Bank N.A. also operate dividend reinvestment options and shareholders interested in these options should contact the relevant provider. More information can be found at http://www.shell.com/drip.
To be eligible for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections.
Royal Dutch Shell plc
The Hague, February 1, 2019
Europe: + 31 (0) 70 377 4540
North America: +1 832 337 2034
International: +44 (0) 207 934 5550
Americas +1 832 337 4355