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Shell cancels costly scrip dividend programme

Screen Shot 2014-02-10 at 16.29.29Extracts from an article published by ShareCast 22 May 2014

Royal Dutch Shell will cancel its popular scrip dividend programme from the current quarter, which had become a high-profile source of embarrassment. The FTSE 100 company said the cancellation meant the second quarter interim dividend and future dividends, forecast at $11.8bn for the full year, will be settled entirely in cash, rather than offering a share-based alternative…

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