Royal Dutch Shell Divi Exchange Rate

[lansdown]

Dividends on A Shares will be paid, by default, in euro at the rate of €0.4181 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by March 1, 2019 will be entitled to a dividend of 35.94p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 35.94p per B Share. Holders of B Shares who have validly submitted euro currency elections by March 1, 2019 will be entitled to a dividend of €0.4181 per B Share.

This dividend will be payable on March 25, 2019 to those members whose names were on the Register of Members on February 15, 2019.

https://www.shell.com/investors/news-an ... ments.html

Regards
Lansdown

[Arborbridge]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.


Arb.

[peterh]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.
Arb.

On my spreadsheet, I've got last year's q4 div as 33.91p, so 35.94p is up 7.6%. For the full year, I've got 144.39p vs 142.33p, so up 1.4%.

The previous highest full year amount I've recorded was two years ago and was 144.05p, so this year was actually up a bit.

I know that all this is down to exchange rate variations, but am I doing something wrong?

[Arborbridge]

I know that all this is down to exchange rate variations, but am I doing something wrong?

Maybe I am

I don't think I've altered my holding size and the dividends booked have become smaller:-

I'll check my records tomorrow and come back on it.

[PinkDalek]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.
Arb.

On my spreadsheet, I've got last year's q4 div as 33.91p, so 35.94p is up 7.6%. For the full year, I've got 144.39p vs 142.33p, so up 1.4%.

The previous highest full year amount I've recorded was two years ago and was 144.05p, so this year was actually up a bit.

I know that all this is down to exchange rate variations, but am I doing something wrong?

The detailed list may be found here:

https://www.shell.com/investors/dividen ... 4-2018.xls

[Breelander]

From my records, the declared dividend has been held at 47¢ since 2014 but the exchange rate has been all over the place.

Pay date         (p)     ($)   F/Y (p)    £/$ 
26-Jun-14  Q1   28.03   $0.47           1.6768
25-Sep-14  Q2   29.09   $0.47           1.6157
22-Dec-14  Q3   30.16   $0.47           1.5584
20-Mar-15  Q4   31.2    $0.47  118.48   1.5064
22-Jun-15  Q1   30.75   $0.47           1.5285
21-Sep-15  Q2   30.92   $0.47           1.5201
18-Dec-15  Q3   31.17   $0.47           1.5079
29-Mar-16  Q4   32.78   $0.47  125.62   1.4338
27-Jun-16  Q1   32.98   $0.47           1.4251
19-Sep-16  Q2   35.27   $0.47           1.3326
17-Dec-16  Q3   37.16   $0.47           1.2648
27-Mar-17  Q4   38.64   $0.47  144.05   1.2164
26-Jun-17  Q1   37.12   $0.47           1.2662
18-Sep-17  Q2   36.28   $0.47           1.2955
20-Dec-17  Q3   35.02   $0.47           1.3421
26-Mar-18  Q4   33.91   $0.47  142.33   1.3860
18-Jun-18  Q1   35.18   $0.47           1.3360
17-Sep-18  Q2   36.5    $0.47           1.2877
19-Dec-18  Q3   36.77   $0.47           1.2782
25-Mar-19  Q4   35.94   $0.47  144.39   1.3077

[moorfield]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.
Arb.

On my spreadsheet, I've got last year's q4 div as 33.91p, so 35.94p is up 7.6%. For the full year, I've got 144.39p vs 142.33p, so up 1.4%.

The previous highest full year amount I've recorded was two years ago and was 144.05p, so this year was actually up a bit.

I know that all this is down to exchange rate variations, but am I doing something wrong?

That's right peterh - the last four dividends were 33.91, 35.18, 36.50, 36.77p - so today's calculation of the next quarterly appears to increase the year-on-year dividend from 142.36 to 144.39p, 1.4% as you noted, in GBP terms, but as Bree also noted the dividend declared in USD is unchanged.

[PinkDalek]

A 2.2% reduction in my payout compared with last time, I believe.

By last time you are talking of the December 2018 Q3 dividend, whereas some others are comparing with last year's Q4.

Everyone is correct!

[idpickering]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.


Arb.

Shell RDSB are my largest holding due to me doubling my holdings early 2016 whilst they were on offer. I accept that the exchange rate has some effect on my dividend payment, and I welcome the diversification in currency and the returns that offers. I would top up, but I'm overweight in them. I shall continue to hold, and regard them a mainstay in my HYP.

Ian.

[midgesgalore]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.


Arb.

Shell RDSB are my largest holding due to me doubling my holdings early 2016 whilst they were on offer. I accept that the exchange rate has some effect on my dividend payment, and I welcome the diversification in currency and the returns that offers. I would top up, but I'm overweight in them. I shall continue to hold, and regard them a mainstay in my HYP.

Ian.

Ian I agree
My biggest high yield holding is Shell RDSB too at 4.85% of costs and 5.13% of value in a 34 share HYP - but guess who bought before the dip.
Bellway is next at 3.59% and 5.13% respectively.
Both are mainstay holdings however neither is going to be topped up unless these numbers reduce due to topping up other stocks or (reducing the number of stocks in the portfolio dramatically).
I hold Diageo too and this has a higher % weighting, by value, but only because it's share price has doubled in value. The yield isn't great any more and is not on the top-up radar.

midgesgalore

[idpickering]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.


Arb.

Shell RDSB are my largest holding due to me doubling my holdings early 2016 whilst they were on offer. I accept that the exchange rate has some effect on my dividend payment, and I welcome the diversification in currency and the returns that offers. I would top up, but I'm overweight in them. I shall continue to hold, and regard them a mainstay in my HYP.

Ian.

Ian I agree
My biggest high yield holding is Shell RDSB too at 4.85% of costs and 5.13% of value in a 34 share HYP - but guess who bought before the dip.
Bellway is next at 3.59% and 5.13% respectively.
Both are mainstay holdings however neither is going to be topped up unless these numbers reduce due to topping up other stocks or (reducing the number of stocks in the portfolio dramatically).
I hold Diageo too and this has a higher % weighting, by value, but only because it's share price has doubled in value. The yield isn't great any more and is not on the top-up radar.

midgesgalore

Nice post thanks Midge. For me RDSB weigh in at 5% in capital value terms. Like you I hold DGE, but lower value in my HYP. I am unlikely to top up due to its lower yield, but I’m happy to continue holding.

Ian.

[kempiejon]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.


Arb.

Shell RDSB are my largest holding due to me doubling my holdings early 2016 whilst they were on offer. I accept that the exchange rate has some effect on my dividend payment, and I welcome the diversification in currency and the returns that offers. I would top up, but I'm overweight in them. I shall continue to hold, and regard them a mainstay in my HYP.

Ian.

I hold both the big oilies but sub inflationary increases in the past 5 years in home currency and my full weighting rule out new money for the shares and industry.
Ian, I was reminded on another thread about the risk of over weighting but I saw the 8 or 9% yields available back then and took the punt too so my portfolio is still a bit heavy on "extraction."

[Arborbridge]

I hadn't meant to start people off defending RDSB because I'm not saying it is a "bad" share - just that in recent times is hasn't been doing what we would all prefer - a rising income.

We have had 19 periods of static dividends in dollar terms. Even then the dividend is only 1.4 x covered - better than many, of course, but with a static dividend added doesn't give confidence of any immediate increases. With other companies that would be more than enough to start off the naysayers!

Shell is 1.26x my median and I have no intention of selling any.


Arb.

[idpickering]

I hold both the big oilies but sub inflationary increases in the past 5 years in home currency and my full weighting rule out new money for the shares and industry.
Ian, I was reminded on another thread about the risk of over weighting but I saw the 8 or 9% yields available back then and took the punt too so my portfolio is still a bit heavy on "extraction."

Thanks for your input kempiejon. Like you I hold both RDSB and BP., with the later being a few percent lower in capital value terms, and between them they account for 8.2% in capital value terms of my 32 share HYP. I'm ok with that, as I continue investing elsewhere on a monthly basis. My sector max is 10%. I'm unlikely to buy more of the oilies any time soon. Regarding Arb's post above, I'm ok with having the oilies as a solid bedrock for my HYP, even with a static dividend.

Ian.

[Arborbridge]

A 2.2% reduction in my payout compared with last time, I believe. My RDSB divs have reduced by around 7% from the highest point due to currency movements. Not a great HYP contributor in recent times.


Arb.

Coming back on this - I said I would check my payments.
Dividing my actual payments by the number of shares, my results agree with those which Bree tabulated, except for a small difference on 16 Dec 2016 which could be an error on my part of 0.1p.

However, the numbers do confirm my quote above concerning the decline from both last time and the peak - which was the payment booked 27 Mar 2017.

Arb.