Shell plc Announces Fourth Quarter 2024 Dividend Details

Shell plc's Fourth Quarter 2024 Dividend Announcement

In an important announcement for investors, the Board of Shell plc has revealed the dividend payments for the fourth quarter of 2024. This dividend represents an interim payment of US$0.358 per ordinary share, which was initially announced earlier in the year.

Shareholder Currency Options

Shareholders of Shell have the flexibility to choose their preferred currency for dividend payments. They can opt for dividends in US dollars, euros, or pounds sterling. For those shareholders who successfully submitted their currency elections by the designated date, they will receive dividends of either US$0.358, €0.3315, or 27.79p per ordinary share. This approach allows shareholders to manage currency risk effectively in their investment portfolio.

Dividend Distribution Based on Shareholder Elections

Those who hold ordinary shares through Euroclear Nederland will automatically receive their dividends in euros, provided no other selection has been made. Shareholders who hold their shares through the Shell Corporate Nominee, regardless of whether they are in certificated or uncertificated form, will receive their dividends in pounds sterling unless they specify otherwise.

Exchange Rate Calculations

The euro and pounds sterling dividends being distributed have been converted from US dollars using an average of market exchange rates. The conversion rates were based on quotations from trading days between early March, ensuring that shareholders receive fair value in their currency of choice.

Payment Schedule

The dividend payment is set for March, with payments being processed for those shareholders listed on the Register of Members as of mid-February. This timeline is crucial for investors to be aware of, particularly for planning purposes regarding their investments.

Tax Considerations for Shareholders

When it comes to the taxation of dividends, shareholders are encouraged to consult with a tax professional to understand the specific tax implications based on their individual circumstances. Navigating tax obligations can be challenging, and expert advice can provide clarity.

Currency Election Dates

It’s worth noting that different currency election deadlines may apply to shareholders utilizing a bank or financial institution holding shares through Euroclear Nederland. Therefore, it is essential for shareholders to confirm deadlines with their respective brokers or financial advisors to ensure they make informed decisions.

Additional Information on Shell plc

Shell plc is committed to transparency and investor engagement, consistently providing detailed updates and clarifications regarding its dividends and overall financial health. Communication with the company's Media Relations is encouraged for any inquiries.

Contact Information

For media enquiries, shareholders and interested parties may contact:
Shell Media Relations International: +44 (0) 207 934 5550
Americas: +1 832 337 4355

Frequently Asked Questions

What is the amount of the fourth quarter dividend for Shell plc?

The announced dividend for the fourth quarter of 2024 is US$0.358 per ordinary share.

In what currencies can Shell shareholders receive their dividends?

Shareholders may choose to receive their dividends in US dollars, euros, or pounds sterling.

When will the dividend be paid out?

The dividend will be paid on March 24, 2025, to those listed on the Register of Members by February 14, 2025.

How can shareholders elect their preferred currency?

Shareholders need to submit their currency election by the deadline provided, typically through their brokers or financial institutions.

Where can I find more information about Shell plc’s financials?

Investors can visit the Shell plc website or contact their investor relations team for detailed financial information and updates.

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