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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Diverse Income Trust (the) Plc | LSE:DIVI | London | Ordinary Share | GB00B65TLW28 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| -1.50 | -1.46% | 101.00 | 317,713 | 14:30:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 101.00 | 102.00 | 101.50 | 101.00 | 101.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 46.23M | 41.95M | 0.1774 | 5.69 | 242.3M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:25 | UT | 2,697 | 101.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/6/2025 | 11:51 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 18/6/2025 | 11:59 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 17/6/2025 | 11:47 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 16/6/2025 | 11:30 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 13/6/2025 | 13:36 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 12/6/2025 | 11:24 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 11/6/2025 | 11:26 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 10/6/2025 | 12:10 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 09/6/2025 | 11:57 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
| 06/6/2025 | 11:15 | UKREG | The Diverse Income Trust Plc - Net Asset Value(s) |
Diverse Income (DIVI) Share Charts1 Year Diverse Income Chart |
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1 Month Diverse Income Chart |
Intraday Diverse Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/6/2025 | 15:07 | DIVIDENDS: For those that are trying to keep what was already hard earned | 723 |
| 15/6/2023 | 22:18 | :::::: The Diverse Income Trust :::::: | 88 |
| 27/10/2015 | 19:12 | dividend dates | 2 |
| 03/12/2011 | 23:31 | GO FOR THE DIVIDEND. | 26 |
| 27/3/2009 | 15:03 | Dividend Question | 9 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-06-19 15:35:25 | 101.00 | 2,697 | 2,723.97 | UT |
| 2025-06-19 14:50:44 | 101.90 | 5,681 | 5,788.88 | O |
| 2025-06-19 14:48:54 | 101.00 | 461 | 465.61 | AT |
| 2025-06-19 14:26:06 | 101.95 | 2 | 2.04 | O |
| 2025-06-19 14:12:46 | 101.90 | 1,000 | 1,019.00 | O |
| Top Posts |
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Posted at 19/6/2025 09:20 by Diverse Income Daily Update Diverse Income Trust (the) Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker DIVI. The last closing price for Diverse Income was 102.50p.Diverse Income currently has 236,393,165 shares in issue. The market capitalisation of Diverse Income is £238,757,097. Diverse Income has a price to earnings ratio (PE ratio) of 5.69. This morning DIVI shares opened at 101.50p |
Posted at 03/6/2025 15:07 by chinahere I agree, but it's those LTIPS and Options that make the management want to increase the NAV per share and share price instead sadly. |
Posted at 02/6/2025 16:28 by jeffian Agreed. I hate share buybacks unless demonstrably below genuine NAV (by which I mean realisable assets, not "intangibles"). I have seen so many cases where real cash has been spent on overvalued shares and simply disappeared in a puff of smoke. If a company has "surplus" cash and can't think of anything better to do with it, give it back to all shareholders via a dividend or capital distribution and let them decide for themselves what to do with it. |
Posted at 02/6/2025 15:34 by aleman Remember when the investment media chatter was that modest growth would see UK regular dividends top £100bn in 2020? They never did due to Covid but they never have done any year since either. Regular dividends this year are predicted at £86bn. That's only equal to last year and lower than 2018 and 2019 and only barely beating 2017. That's 8 years ago!They keep telling us UK shares are cheap but lack of dividend growth since 2017 comes with plenty of inflation. What P/E rating should you give to an investment with a negative real income return of maybe 3% per year? One must then ask how much benefit share buybacks are if they result in income and capital both making negative real returns because businesses are taking that cash away from investing in organic growth. Individual stocks might vary but, for the market as whole, share buybacks = marginal nominal compounding and negative real compounding, suggesting lots of companies probably should not be doing this. |
Posted at 25/1/2025 10:44 by waldron Which Stocks Will Be Europe’s Dividend Stars in 2025?Stellantis, Nordea Bank, and Orange are some of the stocks with the highest dividend yields at the start of 2025. Christopher Johnson 17 January, 2025 | 2:35PM Christopher Johnson: Last week, we identified which UK stocks could be 2025 dividend stocks. But are there standout dividend payers in Europe too? Looking at Morningstar data, we found the top three undervalued and high yielding European dividend payers. Italian American car manufacturer Stellantis has a dividend yield of 12.81% and paid an annual dividend of €1.55. CJ: The company is currently trading at €12.33, below Morningstar’s fair value estimate of €18.90. After a nearly 40% fall in the share price over one year, this explains the move in a dividend yield above 10%. Stellantis owns brands ranging from Chrysler to Fiat, and was the UK’s bestselling electric van manufacturer in 2024. However, in November of last year, the company announced it could close its Luton van plants in April. Now the bank comes in second place. The leading Nordic bank has an 8.3% dividend yield. Nordic Bank is currently trading at around 128.15 Swedish krona, below Morningstar’s fair value estimate of 152 Swedish krona. Morningstar analysts are bullish on Nordea because the bank’s management has successfully addressed the declining income and slowing profitability it faced in recent years. Nordea is now tapping into investments in private banking in Norway and Sweden, and by regaining momentum on mortgages. CJ: French telecommunications giant Orange has an annual dividend yield of 7.27% and pays an annual dividend of 0.72 cents. Orange is currently trading at €10.08, marginally below Morningstar’s fair value estimate of almost €13.40. Morningstar analysts back the company because it is a leading telecommunication provider in France. They say it owns the best mobile and fixed line networks and enjoys long standing relationships with the French government. Orange also has a growing footprint in Africa, an advantage that puts it ahead of its European competitors. The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar's editorial policies. |
Posted at 22/1/2025 07:52 by waldron Oil Majors Borrow Billions for Buybacks as Production WanesBy Alex Kimani - Jan 21, 2025, 7:00 PM CST US oil drilling activity has dropped to near post-pandemic lows due to low oil prices and cost inflation, with the rig count falling for over two years. Oil companies are prioritizing shareholder returns through dividends and buybacks, even resorting to borrowing to fund them, rather than investing in new drilling. Structural changes in the US shale industry, including a focus on efficiency gains and consolidation, are making it difficult to rapidly increase production even with deregulation efforts. Oil Rig Oil prices fell for the second consecutive day on Tuesday, with market experts attributing the decline to the bearish nature of President Trump’s “Drill, Baby, Drill” agenda on oil prices. True to word, Trump signed an executive order on Monday repealing former President efforts to block oil drilling in the Arctic and along large areas off the U.S. coasts. Trump also repealed a 2023 memo that barred oil drilling in some 16 million acres (6.5 million hectares) in the Arctic. However, it’s going to take a lot more to lure oil executives to ramp up oil production. The latest Baker Hughes survey has revealed that U.S. oil drilling has declined dramatically to just one rig above its post-pandemic lows. Active oil drilling rigs fell by two w/w to 478 in the latest survey, leaving activity just one rig above its post-pandemic low; 149 rigs below November 2002’s post-pandemic high and 73 rigs lower than at the time of President Trump’s 2017 inauguration. The rig count has been in a downwards trend for over two years, with companies’ strategies remaining relatively conservative and productivity gains allowing output growth with fewer active rigs. Commodity experts at Standard Chartered have predicted that drilling will remain subdued in 2025, primarily because oil prices remain too low in real terms to justify expansion during a period of significant cost inflation. Falling profits are likely to override oil companies’ attempts to rapidly ramp up U.S. oil output. Two years ago, the Biden administration urged U.S. companies to increase production in a bid to bring down fuel prices. Back then, oil prices were hovering around $100 per barrel and oil companies were raking in record profits. However, last year witnessed a sharp slowdown in non-OPEC+ supply growth from 2.46 mb/d in 2023 to 0.79 mb/d in 2024, primarily caused by a reduction in U.S. total liquids growth from 1.605 mb/d in 2023 to 734 kb/d in 2024, with low oil prices disincentivizing more drilling. StanChart expects this trend to continue, with U.S. liquids growth expected to clock in at just 367 kb/d in 2025 before slowing down further to 151 kb/d in 2026. Over the past five years, oil and gas companies have been returning a bigger chunk of their profits to shareholders in the form of dividends and share buybacks. With oil prices declining over the past two years, these companies have resorted to borrowing more to keep their shareholders happy. Indeed, Bloomberg reported in late October that four of the world’s five oil “supermajors&r “Borrowing to buy back shares isn’t uncommon in the oil business,” Bloomberg explained. “But a dimming outlook for oil prices next year means the cash shortfall is apt to continue over the longer term,” at a time when investors’ expectations for immediate returns continue. Changing Dynamics There are other structural and technical challenges that could limit how quickly the U.S. Shale Patch increases oil production under Trump. According to commodity experts at Standard Chartered, U.S oil production, and particularly unconventional (shale oil) production, has changed significantly from the time Trump first took office in 2017. StanChart points out that U.S. crude output clocked in at 13.40 million barrels per day (mb/d) in August 2024, an all-time high above the previous record of 3.31 mb/d set in December 2023. U.S. crude production has increased by 4.7 mb/d since the pandemic-era low of May 2020; however, it’s just 0.4 mb/d higher than the pre-pandemic high of November 2019, working out to an annual production growth rate of just 80 thousand barrels per day (kb/d) over this timeframe. StanChart notes that the dynamics of U.S. shale oil production make long-term supply increases difficult to maintain, noting that the country’s oil production is dominated by a few majors and independent producers, alongside private companies, rather than a national oil company as is often the case with many OPEC producers. These companies have largely left behind their trigger-happy, drill-baby-drill days and adopted strict capital discipline, eschewing rapid production increases in favor of returning more capital to shareholders in the form of dividends and share buybacks. StanChart also points out that extensive M&A activity in the sector has reduced the number of operating companies, changing the landscape from a patchwork of small producer acreages to larger contiguous acreage. This new modus operandi allows for complex drilling and completion techniques, including multi-pad wells with extremely long lateral sections that are able to optimize spacing and associated infrastructure. These drilling and completion efficiency gains have allowed production to continue growing despite a decline in rig count. StanChart’s views appear to match those of Goldman Sachs’. According to GS, technological and efficiency gains have accounted for virtually all growth by the Texas-New Mexico shale basin since 2020; however, the bank has warned that “the Permian is maturing, and its deteriorating geology will weigh on the production of crude oil down the road.” The Permian rig count has declined nearly 15% from last year’s April high to 309 currently, and is 30% lower than its 2018-2019 average, Goldman Sachs has revealed. Earlier, GS predicted that the Permian rig count will be below 300 by the end of 2025. By Alex Kimani for Oilprice.com |
Posted at 11/12/2024 07:37 by waldron Share buybacks: are we getting value for money?Tue 11:24am by Roland Head stockopedia Share buybacks have become hugely popular in recent years. By buying back their own shares and then cancelling them, companies can engineer an increase in earnings per share in excess of any increase in total profit. In theory, the resulting increase in both earnings and earnings growth will support a higher share price and a higher price-to-earnings (P/E) rating. If carried out correctly, share buybacks can represent an attractive investment opportunity for a business and its shareholders. But as I’ll explain, this is not always the case. Other motivations may drive some executives’ buyback decisions. The sums of money committed to buybacks are often large and can exceed the cost of a company’s annual dividend. This means shareholders are swapping potential cash special dividends for the less certain benefits of a shrinking share count. I think it’s worth considering more closely what buybacks mean for shareholders and how we can gauge whether they are likely to represent an attractive use of a company’s capital. Dividend vs buybacks A dividend is a cash payment that you or I will receive in our brokerage account. This payout reduces the book value of the company in line with the amount of cash spent, but shareholders are no poorer. We have our share of this cash and can do with it as we wish. A dividend is truly a return of capital to shareholders. The same description is often applied to buybacks, but I think this is somewhat misleading. When a company buys back its own shares, it expends cash, but shareholders do not receive it. In theory, the benefits of the buyback will mean that the remaining shares become more valuable, both in terms of their market price and their intrinsic value. However, reality often falls far short of this rose-tinted ideal. Consider drinks giant Diageo (LON:DGE), historically seen as a good stock for long-term investors. Between June 2021 and June 2023, Diageo spent £3.7bn buying back 98.8m shares at a weighted average cost of 3,708p. Very roughly, that was about 160p per share, equivalent to a yield at the time of about 4.3%. Shareholders could have received that cash, but they didn’t. Today, the company’s shares are trading over 35% lower, at 2,335p. Diageo’s net debt has risen by around £2.7bn… |
Posted at 25/1/2024 10:27 by adrian j boris HSBC regains crown as top UK dividend payer for first time since GFCOverall UK dividends down 3.7% Cristian Angeloni 25 January 2024 • 3 min read Last year, banks overtook any other sector in terms of dividend payments, something that has not happened since before the Global Financial Crisis, Computershare noted. Last year, banks overtook any other sector in terms of dividend payments, something that has not happened since before the Global Financial Crisis, Computershare noted. HSBC has topped the list of UK dividend payers for 2023, a spot it has not held since 2008, after fully restoring its quarterly payouts last year. Data from Computershare's Dividend Monitor published today (25 January) revealed 2023 marked the second consecutive year in which banks made the largest contribution to UK dividend growth, with payouts rising by almost a third to £13.8bn. European dividend payouts forecast to rise by 6.5% in 2024 Last year, banks also overtook any other sector in terms of dividend payments, an event that has not occurred since before the Global Financial Crisis, Computershare noted. However, overall UK dividends fell by 3.7% to £90.5bn over 2023, due to a decrease in one-off special dividends, although regular dividends grew by 5.4% to £88.5bn. Mark Cleland, CEO issuer services UK, Channel Islands, Ireland and Africa at Computershare, said: "The return to prominence by the banks is really remarkable. 13 years of rock-bottom interest rates made it very hard for the sector to make profits, but the need to quell inflation with higher interest rates means the last two years have delivered a dramatic turnaround. Bank investors are reaping the dividends of this reversal and we expect them to see even larger payouts in 2024." The oil and utility sectors followed suit, with high energy prices driving a 15.8% increase in dividends from the oil sector, whereas inflation-linked dividend policies drove record dividends from utilities. The biggest detraction came from the mining sector, the firm found, as commodity prices and profits weakened throughout the year. Total dividends paid by the mining sector dropped to £4.5bn - down more than a quarter year-on-year - including special dividends, which are "common in the highly cyclical industry", Computershare said. Despite this, the sector still accounted for £1 in every £8 distributed by UK companies in 2023. FTSE 100 dividend forecasts fall 10% for 2023 and 2024 The Dividend Monitor highlighted dividend growth was also slowed by large share buybacks undertaken last year, which impacted the total amount of dividends paid as their aim is to reduce the number of shares in issue. Computershare argued dividend growth would have been a third faster last year had buybacks not been issued, adding it would have been even faster if "a small proportion of buyback cash had been diverted to dividends". The report forecast a slower dividend growth for 2024 at 2%, with regular dividends expected to pay £89.8bn this year. However, special dividends are expected to recover and "at least make up for the negative impact of a stronger pound" and drive the headline total up 3.7% to £93.9bn. Cleland added: "There was a lot to be cheerful about in 2023, even if lower one-off payments masked the solid progress UK dividends made. UK plc is generating a lot of cash, which means underlying dividend growth was very encouraging in 2023. "Payouts may well remain below their pre-pandemic highs, but significantly larger share buyback programmes have provided an alternative route for channelling surplus capital to shareholders. These programmes also conceal the extent to which dividends are really growing by reducing the number of shares in issue. This is not to say that either buybacks or dividends are superior - they just represent a different way of cutting the cake." |
Posted at 27/12/2022 11:23 by spangle93 Just a note to reinforce Divmad/Bluemango's recommendation of I3E, where I'm lucky enough to have an average purchase price of 8p, so my effective dividend is 25% :-)The board stated on 22 Dec "As part of the i3's commitment to its total return model, the Company is increasing its 2023 minimum dividend by 59.4% above the total dividends paid during 2022 to £ 24.475 million, through an increased monthly dividend of 0.171 p/share - equating to an annual dividend of 2.052 p/share" I3E drilled an appraisal well in the North Sea in October this year. Unfortunately it did not prove an extension of an existing discovery, which affected the share price. Looking into 2023, there are no single well events of a similar magnitude - the company will progress the North Sea discovery towards a field development well that ties the original exploration back to third party infrastructure. However I3E is all about exploitation of, and production from, onshore resources in western Alberta, where is has sizeable acreage in new conventional plays that offer good rates of return, and where its inventory of hundreds of wells means that no one well will wildly affect the share price Note: MINIMUM dividend. In 2022 the moonthly dividend was raised during the year. Elsewhere in the hydrocarbons space DEC continues to offer a stable, rising quarterly dividend. I'm sure CASSINI would have brought it to people's attention. DEC is unique in oil and gas in that it makes its money from managing the decline of mature wells in the US, and operating infrastructure, rather than exploring for new finds, or developing discoveries. The latest quarter is 4.375 US cents, which would be 17.5c annualised (14.5p at $1.2 = £1). Current share price is 117p, so that's a nominal dividend of 12.4%. I am SO going to get shouted out here, but the majority of brokers and investors believe that this is subject to a withholding tax of 30%, or 15% if held in an ISA, or 0% if held in a SIPP. You'd also need to complete a W-8BEN form One wildly left field oiler, which has so many red flags that it could be a May Day procession in Moscow, is CASP. Who? CASP. CASP has recently announced a maiden dividend, which turned out to be rather larger than any BB expert was imagining. "The size of this maiden dividend is indicative of the levels to be expected in the future. The Board intends that the future dividends will be paid on a monthly basis, based on the higher of £1 million per month or a pay-out ratio of broadly 35-40% of free cashflows." This equates to a distribution of 0.0444 pence/share, which has been succeeded by a second monthly dividend of the same magnitude. CASP is on AIM and operates in Kazakhstan. The CEO and members of his family own a significant majority of the shares. Its communications with retail shareholders, and engagement with them, would not get a good rating on booking.com. RNS's are written by a mouthpiece for the company - the chairman - who is an accountant, so technical details often make no sense. Although Kaz isn't subject to sanctions, its oil export route is through the Urals so it's effectively treated as such the international price it can get for its oil is much lower than Brent. HOWEVER, the concert party wants a return from the company, and now they are producing over 2000 bopd, they can pay dividends. If the monthly dividends continue, then at a share price around 4p, the annualised dividend would be 13.3% Disclaimer - I hold each of these shares |
Posted at 15/10/2022 13:33 by ariane Here’s the BHP dividend forecast for 2022 to 2024This mining giant has paid out some huge dividends recently. Here, Edward Sheldon looks at the BHP Group dividend forecast for the years ahead. Edward Sheldon, CFA❯ Published 15 October, 8:47 am BST Mining powerhouse BHP Group (LSE: BHP) has been a bit of a cash cow for investors in recent years. Last financial year, for example, it rewarded shareholders with total regular dividends of USD $3.25 per share, which translates to a yield of about 13% at the current share price. Is the company set to continue paying out monster dividends going forward? Let’s take a look at the BHP dividend forecast for the years ahead. BHP dividend forecasts First, there are a couple of things to explain. The first is that BHP’s financial year ends on 30 June. So, the year ending 30 June 2023 is ‘FY2023’ The second is that BHP reports its financials, and declares its dividends, in US dollars. So, all forecasts are in dollars. This is important to note because the GBP/USD exchange rate is quite volatile at the moment. In other words, the yield on offer today could be quite different to the yield when the dividends are actually paid if exchange rates fluctuate. As for the forecasts, right now City analysts expect BHP to pay out $2.09 per share for FY2023 and $1.86 per share for FY2024. These projected payouts are lower than the $3.25 paid last financial year. However, they still translate to very high yields. At today’s share price and exchange rate, the projected payout for FY2023 equates to a prospective yield of 8.3% while the estimated payout for FY2024 translates to a prospective yield of 7.4%. Assuming that these dividend forecasts are accurate (analysts’ estimates can be way off the mark at times), BHP looks set to continue being a cash cow for investors. Are BHP shares worth buying for income? Would I buy BHP shares for the big dividends on offer? The answer to that question is actually no. One reason I’d pass on BHP is that the stock is ‘cyclical̵ I don’t see the point of collecting a 8% yield if the share price can potentially fall around 70% like it did here. I’d need many years of dividends to make up for that kind of capital loss. I prefer dividend stocks that are a little more stable in nature. Another issue for me is the fact that BHP tends to cut its dividend when business conditions are challenging. This is not ideal from an income-investing perspective. I prefer to invest in companies that consistently increase their dividend payouts year after year. I can rely on these kinds of businesses to provide me with a certain level of income. So, while the yield here does look very attractive, I won’t be buying the shares for my portfolio any time soon. Ed Sheldon has no position in any of the shares mentioned. The Motley Fool UK |
Posted at 29/7/2021 07:42 by waldron The Hague, July 29, 2021 - The Board of Royal Dutch Shell plc ("RDS" or the "Company") today announced an interim dividend in respect of the second quarter of 2021 of US$ 0.24 per A ordinary share ("A Share") and B ordinary share ("B Share").Chair of the Board of Royal Dutch Shell, Sir Andrew Mackenzie commented: "Shell's proven and sustainable cash generation across a range of macroeconomic scenarios has provided the Board confidence to increase shareholder distributions. As a result, the Board has decided to rebase the dividend per share to 24 US cents from the second quarter 2021 onwards." Details relating to the second quarter 2021 interim dividend Per ordinary share Q2 2021 RDS A Shares (US$) 0.24 RDS B Shares (US$) 0.24 It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism and will have a UK source for UK and Dutch tax purposes. Cash dividends on A Shares will be paid, by default, in euros, although holders of A Shares will be able to elect to receive dividends in US dollars or pounds sterling. Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in US dollars or euros. The pound sterling and euro equivalent dividend payments will be announced on September 6, 2021. Per ADS Q2 2021 RDS A ADSs (US$) 0.48 RDS B ADSs (US$) 0.48 Cash dividends on American Depository Shares ("ADSs") will be paid, by default, in US dollars. RDS A and B ADSs are listed on the New York Stock Exchange under the symbols RDS.A and RDS.B, respectively. Each ADS represents two ordinary shares, two A Shares in the case of RDS.A or two B Shares in the case of RDS.B. ADSs are evidenced by an American Depositary Receipt (ADR) certificate. In many cases the terms ADR and ADS are used interchangeably. Dividend timetable for the second quarter 2021 interim dividend Event Date Announcement date July 29, 2021 Ex- Dividend Date for ADS.A and ADS.B August 12, 2021 Ex- Dividend Date for RDS A and RDS B August 12, 2021 Record date August 13, 2021 Closing of currency election date (see Note August 27, 2021 below) Pound sterling and euro equivalents announcement September 6, 2021 date Payment date September 20, 2021 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. Taxation - cash dividends Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax. If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Dividend Reinvestment Programmes ("DRIP") The following organisations operate Dividend Reinvestment Plans ("DRIPs") which enable RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them: -- Equiniti Financial Services Limited ("EFSL"), for those holding shares (a) directly on the register as certificate holder or as CREST Member and (b) via the Nominee Service; -- ABN-AMRO NV ("ABN") for Financial Intermediaries holding A shares or B shares via Euroclear Nederland; -- JPMorgan Chase Bank, N.A. ("JPM") for holders of A and B American Depository Shares; and -- Other DRIPs may also be available from the intermediary through which investors hold their shares. Such organisations provide their DRIPs fully on their account and not on behalf of Royal Dutch Shell plc. Interested parties should contact DRIP Offerors directly. More information can be found at To be eligible for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections. (END) Dow Jones Newswires |
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