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 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: