Jul 26, 2018
The Board of Royal Dutch Shell plc (“RDS” or the “Company”) today announced an interim dividend in respect of the second quarter of 2018 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”), equal to the US dollar dividend for the same quarter last year.
Details relating to the second quarter 2018 interim dividend
It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism from UK-sourced income of the Shell group.
|Per ordinary share||Q2 2018|
|RDS A shares (US$)||0.47|
|RDS B shares (US$)||0.47|
Cash dividends on A Shares will be paid, by default, in euro, although holders of A Shares will be able to elect to receive dividends in pounds sterling.
Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in euro.
The pounds sterling and euro equivalent dividend payments will be announced on September 3 2018.
|Per ADS||Q2 2018|
|RDS A ADSs (US$)||0.94|
|RDS B ADSs (US$)||0.94|
Cash dividends on American Depository Shares (“ADSs”) will be paid, by default, 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 second quarter 2018 interim dividend
|Announcement date||July 26, 2018|
|Ex-dividend date||August 9, 2018|
|Record date||August 10, 2018|
|Closing of currency election (Note 1)||August 24, 2018|
|Pounds sterling and euro equivalents announcement date||September 3, 2018|
|Payment date||September 17, 2018|
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.
Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit was abolished, and a tax free dividend allowance introduced, this was £5,000 for the 2016/17 and 2017/18 tax years and reduced to £2,000 for the 2018/19 tax year. Dividend income in excess of the allowance is taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.
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 (“EFSL”), part of the same group of companies as the Company’s Registrar, Equiniti Limited, has reintroduced its 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.
The dividend reinvestment options offered by ABN AMRO Bank N.V. and The Bank of New York Mellon have also been reintroduced 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, July 26, 2018
Europe: + 31 70 377 4540
North America: +1 832 337 2034
International: +44 207 934 5550
Americas +1 832 337 4355