The Board of Royal Dutch Shell (LON:RDSA) announced an interim dividend in respect of the third quarter of 2019 of US$0.47 per A ordinary share and B ordinary share, equal to the US dollar dividend for the same quarter last year.
Details relating to the third quarter 2019 interim dividend
It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism and will have a UK source for UK and Dutch tax purposes.
| Per ordinary share | Q3 2019 |
| RDS A Shares (US$) | 0.47 |
| RDS B Shares (US$) | 0.47 |
Cash dividends on A Shares will be paid, by default, in euro, although holders of A Shares will be able to elect to receive dividends in pounds sterling.
Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in euro.
The pounds sterling and euro equivalent dividend payments will be announced on December 5, 2019.
| Per ADS | Q3 2019 |
| RDS A ADSs (US$) | 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 third quarter 2019 interim dividend
Announcement date October 31, 2019
Ex-dividend date November 14, 2019
Record date November 15, 2019
Closing of currency election date (see Note below) November 29, 2019
Pounds sterling and euro equivalents announcement date December 5, 2019
Payment date December 18, 2019
Notes
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 Royal Dtuch Shell’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.
