# Shell declares Q2 Euro & GDP dividend payments

- Link: https://www.directorstalkinterviews.com/shell-declares-q2-euro-gdp-dividend-payments/4121080769
- Published: 2022-09-05T07:34:13+01:00
- Author: Amilia Stone

**[Shell plc](https://www.directorstalkinterviews.com/ftse-company/shell/shel.l)**(
[LON:SHEL](https://www.directorstalkinterviews.com/ftse-company/shell/shel.l)) has
announced the pounds sterling and euro equivalent dividend payments in respect of
the second quarter 2022 interim dividend, which was announced on July 28, 2022 at
US$0.25 per ordinary share.

Shareholders have been able to elect to receive their dividends in US dollars, euros
or pounds sterling. Holders of ordinary shares who have validly submitted US dollars,
euros or pounds sterling currency elections by August 26, 2022 will be entitled 
to a dividend of US$0.25, €0.2499 or 21.57p per ordinary share, respectively.

Absent any valid election to the contrary, persons holding their ordinary shares
through Euroclear Nederland will receive their dividends in euros at the euro rate
per ordinary share shown above. Absent any valid election to the contrary, shareholders(
both holding in certificated and uncertificated form (CREST members)) and persons
holding their shares through the Shell Corporate Nominee will receive their dividends
in pounds sterling, at the pound sterling rate per ordinary share shown above.

Euro and pounds sterling dividends payable in cash have been converted from US dollars
based on an average of market exchange rates over the three dealing days from August
31 to September 2, 2022. This dividend will be payable on September 19, 2022 to 
those members whose names were on the Register of Members on August 12, 2022.

**Taxation – cash dividend**

With Shell’s tax residence moved to the UK, dividends paid to shareholders on their
ordinary shares will not attract Dutch dividend withholding tax. This means that
holders of the former A shares receive their dividends in full as Dutch dividend
withholding tax is no longer withheld on these dividends. Holders of the former 
B shares receive their dividends directly from Shell as these dividends will no 
longer be paid through the Dividend Access Mechanism.

If you are uncertain as to the tax treatment of any dividends you should consult
your tax advisor.

**Note**

A different currency election date may apply to shareholders holding shares in a
securities account with a bank or financial institution ultimately holding through
Euroclear Nederland. This may also apply to other shareholders who do not hold their
shares either directly on the Register of Members or in the corporate sponsored 
nominee arrangement. Shareholders can contact their broker, financial intermediary,
bank or financial institution for the election deadline that applies.

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