Shell 4th Quarter

[idpickering]

. Q4 on Q4 change.

Compared with the fourth quarter 2017, CCS earnings attributable to shareholders excluding identified items of $5.7 billion mainly benefited from higher realised oil, gas and LNG prices as well as stronger contributions from crude oil and LNG trading, partly offset by movements in deferred tax positions. Full year earnings of $21.4 billion also reflected higher realised oil, gas and LNG prices, partly offset by movements in deferred tax positions.

Cash flow from operating activities for the fourth quarter 2018 was $22.0 billion, which included positive working capital movements of $9.1 billion, mainly as a result of a fall in crude oil price and lower inventory levels. Excluding working capital movements, cash flow from operations of $12.9 billion mainly reflected increased earnings, compared with the fourth quarter 2017.

Total dividends distributed to shareholders in the quarter were $3.9 billion. In January 2019, the second tranche of the share buyback programme was completed, with 83.5 million A ordinary shares bought back for cancellation for an aggregate consideration of $2.5 billion. Today, Shell launches the next tranche of the share buyback programme, with a maximum aggregate consideration of $2.5 billion in the period up to and including April 29, 2019.

https://www.investegate.co.uk/royal-dut ... 0000P994A/

And;

Fourth Quarter 2018 Interim Dividend

Ex Div 14 Feb, paid 25 Mar.

https://www.investegate.co.uk/royal-dut ... 0200PB497/

[idpickering]

Shell are my largest holding on the capital value front, having doubled up my holdings in 2016 during the down turn in oilies. I'm not intending to sell at all, and the nearly 4% rise in sp as I type is welcome, although obviously it's all about the income.

Ian.

[kempiejon]

Like Ian I bought into Shell 2015/16 when the yields were north of 8%. That was a nice income to lock into and I see the price has appreciated too but I have to say the rate of growth of income over the last decade has been slim. I see it's another $0.47 this time around, so static for 5 years.

[Quint]

I also doubled my holding in early 2016. Happy holder.

[tjh290633]

Originally bought at 1,820p in 2006 with a starting yield of 3.8%, I have added on 6 occasions and trimmed back on two. My IRR to date is 8.5%, and of course the current yield at 2,364p is 6.3%.

What's that saying? Never sell Shell?

TJH

[idpickering]

This from TMF;

Why I think the Shell share price is the best Footsie bargain of 2019

I’m not the only one who thinks the Royal Dutch Shell (LSE:RDSB) share price is too low. Shell itself appears to as well, as it has just announced the third tranche of its share buyback programme, which commenced in July 2018.

Buyback

This time the oil giant has committed to repurchasing up to $2.5bn of its own shares between now and April. Companies do this as a way of redistributing cash to shareholders when they see their shares as undervalued. The idea of a share buyback is that future earnings and dividends will be spread over fewer remaining shares, so share valuations and dividend income should rise over the long term.

Since July, Shell has invested $4.5bn in its own shares, and intends to lift that total to at least $25bn by the end of 2020, “subject to further progress with debt reduction and oil price conditions.”

Big dividends

What I like most about Shell is its dividend payout, and the company also confirmed on Thursday that it is maintaining its fourth quarter dividend at the same level as last year in dollar terms.

What we’re looking at with Shell is a yield now of around 6.4%, which I rate as one of the best in the FTSE 100. It’s not the highest available, but I’m more concerned with long-term reliability and keeping up with inflation.

https://www.fool.co.uk/investing/2019/0 ... n-of-2019/

[YeeWo]

Originally bought at 1,820p in 2006 with a starting yield of 3.8%, I have added on 6 occasions and trimmed back on two. My IRR to date is 8.5%, and of course the current yield at 2,364p is 6.3%. What's that saying? Never sell Shell? TJH

The above motivated me to fire up the spreadsheet and try and work out what I originally paid. I initially bought BG shares, knowing a Shell Takeover was imminent, in September '15. The Scheme of Arrangement was complete by February '16 and I received 0.4454 New Shell Shares and £3.83 per BG share I held. On this basis each Shell share I hold cost £14.02. In order to balance my portfolio, I sold half my Shell shares in August '16 at £19.66 and have continued to receive the quarterly dividends since. Including the dividends in the cashflow calculation I'm showing an XIRR, based on RDSB being £23.69 today, of 29.44%. Far and away my Best Investment, a stout 7.5% of my portfolio........
I can't envisage selling Shell, without being ridiculously greedy though is the dividend likely to be increased at some stage or are buybacks more of a priority?

[monabri]

I'd imagine that they will want to build up their divi cover so I reckon ( guess) we'll see (i) a static divi over the next few years (3 years?), (ii) share buybacks and (iii) debt reduction. Why have people bought shares in Shell?... I'd contend it is for the yield and the divi history, accepting that the yield will be c.6% ( versus 1% in the bank)....thus, Shell can "get away" with holding the divi static.


(I think I'll save some pennies and top up...at only 1.85% of my portfolio I'm feeling distinctly "underweight"..and I don't have occasion to say that too often )

[mike]

... I reckon ( guess) we'll see (i) a static divi over the next few years (3 years?)

Your wish is my command ... at least for the Q1 2019 divi

[UPDATED FEBRUARY 1, 2019]: The Board expects that the first quarter 2019 interim dividend will be US$0.47, equal to the US dollar dividend for the same quarter in the previous year. The first quarter 2019 interim dividend is scheduled to be announced on May 2, 2019. [UPDATE ENDS]

https://www.investegate.co.uk/royal-dutch-shell--rdsa-/prn/fourth-quarter-2018-interim-dividend-update/20190201070000P0D2F/

[Breelander]

Your wish is my command ... at least for the Q1 2019 divi

As their practice for more than a decade has been to pay four equal quarterly dividends, highly likely for Q2, Q3 & Q4 too.