Dividends

Policy

Our policy is to grow the US dollar dividend through time in line with our view of Shell’s underlying earnings and cash flow. When setting the dividend, the Board of Directors looks at a range of factors, including the macroeconomic environment, the current balance sheet and future investment plans.

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A and B shares $

 

2019

2018

2017

2016

2015

Q1

0.47

0.47

0.47

0.47

0.47

Q2

0.47

0.47

0.47

0.47

0.47

Q3

0.47

0.47

0.47

0.47

0.47

Q4

0.47

0.47

0.47

0.47

0.47

Total announced in respect of the year

1.88

1.88

1.88

1.88

1.88
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A shares €[A]

 

2019

2018

2017

2016

2015

Q1

0.42

0.40

0.42

0.42

0.42

Q2

0.43

0.40

0.39

0.42

0.42

Q3

0.42

0.41

0.40

0.44

0.43

Q4

0.42

0.42

0.38

0.44

0.42

Total announced in respect of the year

1.68

1.64

1.59

1.72

1.69

Amount paid during the year

1.68

1.60

1.65

1.70

1.71

[A]

Euro equivalent, rounded to the nearest euro cent.
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B sharesPence[A]

 

2019

2018

2017

2016

2015

Q1

36.97

35.18

37.12

32.98

30.75

Q2

38.01

36.50

36.28

35.27

30.92

Q3

35.73

36.77

35.02

37.16

31.07

Q4

36.40

35.94

33.91

38.64

32.78

Total announced in respect of the year

147.11

144.39

142.33

144.05

125.52

Amount paid during the year

146.65

142.36

147.06

138.19

123.94

[A]

Sterling equivalent.
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A and B ADSs$

 

2019

2018

2017

2016

2015

Q1

0.94

0.94

0.94

0.94

0.94

Q2

0.94

0.94

0.94

0.94

0.94

Q3

0.94

0.94

0.94

0.94

0.94

Q4

0.94

0.94

0.94

0.94

0.94

Total announced in respect of the year

3.76

3.76

3.76

3.76

3.76

Amount paid during the year

3.76

3.76

3.76

3.76

3.76
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Scrip issuance A sharesNumber of shares in million

 

2019

2018

2017[A]

2016

2015[B]

Q1

–

–

47.8

65.7

–

Q2

–

–

33.9

50.6

23.4

Q3

–

–

33.8

44.1

23.9

Q4

–

–

52.7

58.9

49.0

Total

–

–

168.2

219.3

96.3

[A]

Our Scrip Dividend Programme was cancelled with effect from the fourth quarter 2017 interim dividend.

[B]

Our Scrip Dividend Programme was reintroduced with effect from the first quarter 2015 interim dividend.
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Number of shares repurchased [A]Number of shares in million

 

2019

2018

2017

2016

2015

Q1

72.5

–

–

–

12.7

Q2

66.9

–

–

–

–

Q3

99.3

43.1

–

–

–

Q4

97.5

82.2

–

–

–

Total

336.2

125.2

–

–

12.7

[A]

Share repurchases based on the trading date. Settlement usually occurs two working days after each trading day.

Dividend yield – RDSA (Amsterdam) [A]

%

Dividend yield – RDSA (Amsterdam) in % – development from 2015 to 2019 (line chart)

[A] Dividend yield is defined as dividend paid in year divided by average share price in year, assuming scrip dividend option has not been elected.

Dividend yield – RDSB (London) [A]

%

Dividend yield – RDSB (London) in % – development from 2015 to 2019 (line chart)

[A] Dividend yield is defined as dividend paid in year divided by average share price in year, assuming scrip dividend option has not been elected.

Dividend yield – RDSA (New York) [A]

%

Dividend yield – RDSA (New York) in % – development from 2015 to 2019 (line chart)

[A] Dividend yield is defined as dividend paid in year divided by average share price in year, assuming scrip dividend option has not been elected.

Dividend yield – RDSB (New York) [A]

%

Dividend yield – RDSB (New York) in % – development from 2015 to 2019 (line chart)

[A] Dividend yield is defined as dividend paid in year divided by average share price in year, assuming scrip dividend option has not been elected.

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