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Ben van Beurden prepares to restore Royal Dutch Shell cash dividend

Royal Dutch Shell is tipped to resume paying all its dividend in cash this week — unplugging a gusher worth billions of pounds for investors. Chief executive Ben van Beurden is expected to signal the move on Tuesday, when he lays out his vision for Britain’s most valuable public company. Abandoning the so-called scrip dividend programme would mark the latest stage in the Anglo-Dutch company’s recovery from the depths of the oil industry downturn. The company has paid a slice of its dividend in stock since early 2015, when the plunging oil price forced Van Beurden to marshal resources.

Shell joined other big European oil producers in saving cash through a scrip scheme, which pays a portion of the dividend in shares.

The oil price…

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