Understanding Shell's Dividend Payments for Q2 2024
Shell plc Announces Q2 2024 Dividend Details
Shell plc has revealed its plans regarding dividend payments for the second quarter of 2024. The Board announced that shareholders can anticipate a significant interim dividend, which was set at US$0.344 per ordinary share. This announcement provides important information for investors considering their options for dividend elections.
Dividend Payment Options for Shareholders
Shell shareholders have the flexibility to choose how they receive their dividends. They can opt for payments in US dollars, euros, or pounds sterling. It’s crucial for shareholders to have submitted their currency election preferences by the designated deadline to receive the correct amount in the currency of their choice. For this period, those who elected to receive shares in euros will get €0.3102, while those selecting pounds sterling will receive 26.15p per ordinary share.
Procedures for Dividend Payments
If no election is made, shareholders holding shares through Euroclear Nederland will automatically receive their dividends in euros. Others, whether they hold shares in certificated form or through CREST, will receive their payments in pounds sterling. This approach simplifies the distribution process for the company.
Currency Conversion for Dividend Payments
It’s also noteworthy that the euro and pounds sterling dividends will have been converted from US dollars using the average market exchange rates during specified days. This information may interest shareholders as it directly affects the amount they receive based on market conditions.
Understanding Tax Implications
Shareholders are encouraged to consult with their tax advisors regarding the treatment of any dividends received. Understanding the tax implications is essential for managing potential liabilities associated with dividend income.
Important Notices for Shareholders
Shareholders should be aware that different deadlines may apply based on how and where shares are held. If held through a financial institution, the election deadline may vary. It’s advisable for shareholders to reach out to their brokers or financial managers for precise information.
Contacting Shell for Further Clarifications
For any inquiries related to dividend payments or shareholder communications, Shell’s Media Relations is available to assist. They can be reached through the following means: International: +44 (0) 207 934 5550 and Americas: +1 832 337 4355.
Frequently Asked Questions
What is Shell plc’s dividend payment for Q2 2024?
Shell plc has announced a dividend payment of US$0.344 per ordinary share for the second quarter of 2024.
How can I choose my dividend payment currency?
Shareholders can elect to receive dividends in US dollars, euros, or pounds sterling by the specified deadline.
When will the dividends be paid out?
The dividends are scheduled to be payable on a specific date, depending on the currency chosen.
What should I do if I miss the currency election deadline?
If you do not make an election, the default currency based on your holding method will apply to your dividend payment.
Where can I find more information about Shell plc?
For more information, shareholders can contact Shell’s Media Relations or visit the official company website.
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