Royal Dutch Shell Plc  .com Rotating Header Image

Shell aims to grow dividend but at ‘right time’

July 8, 2011, 2:42 p.m. EDT

By London Bureau

LONDON (MarketWatch) — Royal Dutch Shell PLC (RDSA, RDSA.LN) aims to grow its dividend as its cash flow increases, though this will be done in a measured way, said Chief Executive Peter Voser in an interview with Swiss newspaper Finanz und Wirtschaft to be published Saturday.

“We’re aiming at a rising dividend. However, we are active in a volatile business, and I don’t want a stop-and-go dividend policy,” said Voser, according to the paper.

Shell has predicted that cash flow will increase 80% from 2009 to 2012, but its quarterly dividend of $0.42 a share has remained unchanged since 2009.

“Among other factors, we determine dividend growth by factoring in expectations for profit and cash flow over the next [few] years. We have predicted a big rise in cash. At the right time, we will announce what this means for the dividend,” said Voser, Finanz und Wirtschaft reported.

SOURCE ARTICLE

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell aims to grow dividend but at ‘right time’”

Leave a Comment

%d bloggers like this: