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.

A and B shares

$

 

2018

2017

2016

2015

2014

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

A shares

€[A]

 

2018

2017

2016

2015

2014

[A]

Euro equivalent, rounded to the nearest euro cent.

Q1

0.40

0.42

0.42

0.42

0.35

Q2

0.40

0.39

0.42

0.42

0.36

Q3

0.41

0.40

0.44

0.43

0.38

Q4

0.42

0.38

0.44

0.42

0.43

Total announced in respect of the year

1.64

1.59

1.72

1.69

1.53

Amount paid during the year

1.60

1.65

1.70

1.71

1.42

B shares

Pence[A]

 

2018

2017

2016

2015

2014

[A]

Sterling equivalent.

Q1

35.18

37.12

32.98

30.75

28.03

Q2

36.50

36.28

35.27

30.92

29.09

Q3

36.77

35.02

37.16

31.07

30.16

Q4

35.94

33.91

38.64

32.78

31.20

Total announced in respect of the year

144.39

142.33

144.05

125.52

118.48

Amount paid during the year

142.36

147.06

138.19

123.94

114.16

A and B ADSs

$

 

2018

2017

2016

2015

2014

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

3.72

Scrip issuance A shares

Number of shares in million

 

2018

2017[A]

2016

2015[B]

2014[B]

[A]

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

[B]

Our Scrip Dividend Programme was cancelled with effect from the second quarter 2014 interim dividend and reintroduced with effect from the first quarter 2015 interim dividend.

Q1

47.8

65.7

38.0

Q2

33.9

50.6

23.4

26.6

Q3

33.8

44.1

23.9

Q4

52.7

58.9

49.0

Total

168.2

219.3

96.3

64.6

Number of shares repurchased [A]

Number of shares in million

 

2018

2017

2016

2015

2014

[A]

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

Q1

12.7

32.4

Q2

9.5

Q3

43.1

21.4

Q4

82.2

24.4

Total

125.2

12.7

87.7

Dividend yield 2018 – A shares (Amsterdam) [A]

%

Dividend yield 2018 – A shares (Amsterdam) in % – development from 2014 to 2018 (line chart)

[A] Dividend yield is defined as dividend paid in year divided by average share price in year

Dividend yield 2018 – B shares (London) [A]

%

Dividend yield 2018 – A ADSs (New York) in % – development from 2014 to 2018 (line chart)

[A] Dividend yield is defined as dividend paid in year divided by average share price in year

Dividend yield 2018 – A ADSs (New York) [A]

%

Dividend yield 2018 – B shares (London) in % – development from 2014 to 2018 (line chart)

[A] Dividend yield is defined as dividend paid in year divided by average share price in year

Dividend yield 2018 – B ADSs (New York) [A]

%

Dividend yield 2018 – B ADSs (New York) in % – development from 2014 to 2018 (line chart)

[A] Dividend yield is defined as dividend paid in year divided by average share price in year