THE HAGUE, The Netherlands, March 4, 2011 /PRNewswire-FirstCall/ -- The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A) (NYSE: RDS.B) today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2010 interim dividend, which was announced on February 3, 2011 at US$0.42 per A ordinary share ("A Share") and B ordinary share ("B Share").
Dividends on A Shares will be paid, by default, in euro at the rate of EUR0.3002 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by February 25, 2011 will be entitled to a dividend of 25.82p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 25.82p per B Share. Holders of B Shares who have validly submitted euro currency elections by February 25, 2011 will be entitled to a dividend of EUR0.3002 per B Share.
This dividend will be payable on March 25, 2011 to those members whose names were on the Register of Members on February 11, 2011.
Taxation cash dividends
Dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are met, shareholders in receipt of A Share dividends may also be entitled to a non-payable dividend tax credit in the United Kingdom.
Shareholders resident in the United Kingdom, receiving dividends on B Shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area.
The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the fourth quarter 2010 interim dividend of US$0.42 (25.82p or EUR0.3002) is US$0.05 (2.87p or EUR0.0334) per ordinary share and the dividend and tax credit together amount to US$0.47 (28.69p or EUR0.3336).
Royal Dutch Shell plc The Hague, March 4, 2011
SOURCE Royal Dutch Shell plc