Shell share dividend and yield

The Shell Group recently announced an increase in its dividend and a share buyback programme following a significant increase in profits in the past year. If you would like to find out more about Royal Dutch Shell's dividend, share performance and history, you can find the answers to these questions here, as well as past and future dividend payment dates.  

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Shell share dividend and yield
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What is the amount of the dividend paid by Shell?

The last dividend that Shell paid to its shareholders was in 2023 for the financial year 2022. This dividend was €2.08 per share.

Prior to this and in 2022, for the financial year 2021, the group paid a dividend of €1.98 per share.

 

When is the Shell dividend paid?

The amount and dates of Shell's dividend payments are decided by the Board of Directors and then presented to shareholders for approval at the Annual General Meeting. Each dividend is based on the previous year's results.

Shell pays its dividend quarterly, i.e. four times a year, usually in May, August, November and February of the following year.

In 2022, the first dividend was detached on 17 February and paid on 28 March, the second was detached on 19 May and paid on 27 June, the third was detached on 11 August and paid on 20 September and the fourth was detached on 10 November and paid on 19 December.

 

What is the next dividend forecast for Shell shares?

The next dividend on Shell shares is the 2023 dividend on the 2022 financial year. The group recently announced that it will pay a dividend of €2.08 per share for this year, an increase on the 2022 dividend.

This dividend will be paid in four instalments and the first payment was made on 27 March with an amount of €0.2716.

The decision to increase the dividend was taken after the group recorded a strong increase in profits in 2022, thanks in particular to the rebound in oil and gas prices.

 

Shell share dividend history:

Shell has been paying dividends to its shareholders continuously for several years now, since 2006. The price of this dividend has risen for several years in a row before falling recently. To better understand the evolution of this dividend, here is a detailed history of its amount and its variations over 10 years.

  • In 2023, Shell's dividend was €2.08 with a 4.72% increase
  • In 2022, Shell's dividend was €1.98 with an increase of 20.73%.
  • In 2021, the Shell dividend was €0.820 with a decrease of 4.99%.
  • In 2020, the Shell dividend was €0.863 with a decrease of 51.74%.
  • In 2019, the Shell dividend was €1.789 with a decrease of 4.86%.
  • In 2018, the Shell dividend was €1,880 with an increase of 1.51%.
  • In 2017, the Shell dividend was €1,852 with an increase of 8.79%.
  • In 2016, the Shell dividend was €1,702 with an increase of 15.07%.
  • In 2015, the Shell dividend was €1,479 with an increase of 4.4%.
  • In 2014, Shell's dividend was €1,417 with an increase of 5.6%.

Looking at the latest data available on the history of Shell's dividend, we can see that the amount of the dividend has been increasing slightly and then decreasing sharply in recent years. Over the last five years, the dividend has fallen by an average of 8.28% per year and over the last ten years it has fallen by an average of 3.70% per year.

 

What is the dividend yield on Shell shares?

To find out the dividend yield of the Shell share, it is necessary to divide the amount of the dividend by the share price. Thus, the amount alone does not allow us to know the profitability of this share.

By this calculation, the dividend that was paid by Shell in 2022 showed a yield of 3.48% and the dividend paid in 2023 will show a yield of 3.43%.

Royal Dutch Shell currently has a payout ratio of 13.3%, which shows that the company pays out little dividend.

 

What is the multi-year dividend yield on Shell shares?

Over the past 10 years, Shell Group has paid a dividend with an average yield of 3.25%, which is a little below the 2022 yield. Here is its history:

  • In 2023, the dividend yield is 3.43%.
  • In 2022, the yield on this dividend is 3.48%.
  • In 2021, the yield on this dividend was 3.53%.
  • In 2020, the dividend yield was 2.24%.
  • In 2019, the dividend yield was 2.05%.
  • In 2018, the dividend yield was 1.27%.
  • In 2017, the dividend yield was 1.59%.
  • In 2016, the dividend yield was 0.84%.
  • In 2015, the dividend yield was 0.62%.
  • In 2014, the dividend yield was 0.27%.
  • In 2013, the dividend yield was 2.51%.
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