Shell plc Declares Third Quarter 2024 Interim Dividend
Shell plc revealed that shareholders will receive an interim dividend of US$ 0.344 per ordinary share for the third quarter of 2024. This announcement demonstrates the company's ongoing commitment to distributing value to its shareholders.
Key Details of the Q3 2024 Interim Dividend
Shareholders of Shell plc, whose stock is traded under tickers XLON: SHEL, XNYS: SHEL, and XAMS: SHELL, can expect their dividends to be available in various currencies, including US dollars, euros, and pounds sterling. However, without any specific election made, those holding shares through Euroclear Nederland will automatically receive dividends in euros, while others will receive theirs in pounds sterling.
Dividend Election Options
This flexibility allows shareholders to select their preferred currency for dividend payments, catering to a diverse range of investors. The currency equivalents for dividends paid in pounds or euros will be published in early December 2024.
Announcement of Dividend Payments
The interim dividend for American Depositary Shares (ADSs) will also be substantial, with a payout of US$ 0.688. Shareholders should note that each ADS represents two ordinary shares, and payments are typically made in US dollars by default.
Important Dates for Shareholders
For those interested in key dates related to the dividend process, here is a comprehensive timeline:
| Event | Date |
| Announcement date | October 31, 2024 |
| Ex-Dividend Date for ADSs | November 15, 2024 |
| Ex-Dividend Date for Ordinary Shares | November 14, 2024 |
| Record Date | November 15, 2024 |
| Closing of Currency Election Date | November 29, 2024 |
| Pound Sterling and Euro Equivalents Announcement Date | December 9, 2024 |
| Payment Date | December 19, 2024 |
Understanding DRIPs and Tax Implications
Shell plc offers Dividend Reinvestment Plans (DRIPs). These plans allow shareholders to reinvest their dividends to purchase additional shares in Shell. Organizations providing these DRIPs include Equiniti Financial Services for direct shareholders, ABN-AMRO NV for Euroclear Netherlands shareholders, and JPMorgan Chase Bank for ADS holders.
Tax Considerations for Dividends
Investors should consult their tax advisors to understand how dividends could impact their tax scenarios. Each country's tax regulations could vary significantly, affecting the ultimate dividend revenue for shareholders.
Shell's Commitment to Sustainability
As a leading global energy provider, Shell is focused on reducing its Net Carbon Intensity (NCI). The company is committed to targeting net-zero emissions by 2050, which aligns with global efforts to address climate change and its impacts. While there are still uncertainties, Shell continuously works towards minimizing its carbon footprint in its operations.
With ongoing updates and plans to reflect these ambitious goals annually, Shell is determined to adapt corporate strategies to meet the evolving energy landscape. Shareholders can remain confident in the company's adaptability and commitment to sustainably navigating the future of energy.
Enquiries for More Information
For media inquiries, interested parties can reach out to:
International Media: +44 207 934 5550
Media Americas: +1 832 337 4355
Frequently Asked Questions
What is the interim dividend amount for Q3 2024?
The interim dividend amount is US$ 0.344 per ordinary share.
When will the payment date for the dividend be?
The payment date for the dividend is set for December 19, 2024.
How can shareholders choose their dividend currency?
Shareholders can elect to receive their dividends in US dollars, euros, or pounds sterling.
What are the tax implications for receiving dividends?
It's advisable to consult a tax advisor for specific information on how dividends may be taxed based on individual circumstances.
What organizations provide Dividend Reinvestment Plans for Shell plc shareholders?
The plan is offered by Equiniti Financial Services for direct shareholders, ABN-AMRO NV for Euroclear Nederland shareholders, and JPMorgan Chase Bank for ADS holders.
