If you have decided to hold Shell's shares among your dividend yielding stocks, it can be mighty confusing which exchange to go for. While such an assumption is correct, it misses one key point – the dividend withholding tax rate – which is different in every country and would have a bearing on your income. residents minus a withholding tax of 15%. On the contrary, London-listed 'B' shares have no withholding tax applied to the dividend payout thereby putting the full dividend amount (by shares held) into the holder's coffers. Holding 'B' shares would see you bank all of it, subject to currency fluctuation depending on where you are.

Source: Forbes September 30, 2018 11:26 UTC