Oil and Gas 360


The Hague, February 4, 2021 – The Board of Royal Dutch Shell plc (“RDS” or the “Company”) today announced an interim dividend in respect of the fourth quarter of 2020 of US$ 0.1665 per A ordinary share (“A Share”) and B ordinary share (“B Share”).

Royal Dutch Shell Plc Fourth Quarter 2020 Interim Dividend-oil and gas 360

Source: Reuters

The Board expects that the first quarter 2021 interim dividend will be set at US$ 0.1735 per share, an increase of around 4% over the US dollar dividend for the fourth quarter 2020. The first quarter 2021 interim dividend is scheduled to be announced on April 29, 2021.

Details relating to the fourth quarter 2020 interim dividend
It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism and will have a UK source for UK and Dutch tax purposes.

Per ordinary share Q4 2020
RDS A Shares (US$) 0.1665
RDS B Shares (US$) 0.1665

Cash dividends on A Shares will be paid, by default, in euros, although holders of A Shares will be able to elect to receive dividends in US dollars or 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 US dollars or euros.

The pound sterling and euro equivalent dividend payments will be announced on March 15, 2021.

Per ADS Q4 2020
RDS A ADSs (US$) 0.333
RDS B ADSs (US$) 0.333

Cash dividends on American Depository Shares (“ADSs”) will be paid, by default, in US dollars.

RDS A and B ADSs are listed on the New York Stock Exchange under the symbols RDS.A and RDS.B, respectively. 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.

Shell has introduced option to receive dividend in US dollars and moved to full electronic settlement of its dividends

On December 18, 2019, Shell announced the introduction of US dollar as additional currency election and highlighted that its dividend will be settled with its shareholders fully electronically either in CREST or via interbank transfers. The announcement provided an overview of the actions needed by shareholders to ensure they continue to receive their dividends. Please refer to the announcement of December 18, 2019 for further information: https://www.shell.com/media/news-and-media-releases/2019/shell-introduces-option-to-receive-dividend-in-us-dollars.html

Dividend timetable for the fourth quarter 2020 interim dividend

Announcement date February 4, 2021
Ex- Dividend Date for ADS.A and ADS.B February 18, 2021
Ex- Dividend Date for RDS A and RDS B February 18, 2021
Record date February 19, 2021
Closing of currency election date (see Note below) March 5, 2021
Pound sterling and euro equivalents announcement date March 15, 2021
Payment date March 29, 2021

Note

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 Programmes (“DRIP”)

The following organisations operate Dividend Reinvestment Plans (“DRIPs”) which enable RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them:

  • Equiniti Financial Services Limited (“EFSL”), for those holding shares (a) directly on the register as certificate holder or as CREST Member and (b) via the Nominee Service;
  • ABN-AMRO NV (“ABN”) for Financial Intermediaries holding ‘A’ shares or ‘B’ shares via Euroclear Nederland;
  • “JPMorgan Chase Bank, N.A.” for holders of ‘A’ and ‘B’ American Depository Shares; and
  • Other DRIPs may also be available from the intermediary through which investors hold their shares.

Such organisations provide their DRIPs fully on their account and not on behalf of Royal Dutch Shell plc. Interested parties should contact DRIP Offerors directly.

More information can be found at https://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

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