Shell raises dividend as earnings beat forecasts
Royal Dutch Shell has raised its dividend after reporting stronger-than-expected third-quarter results.
The Anglo-Dutch oil group said it now had the “confidence” to resume dividend growth after cutting its payout in April for the first time since the Second World War in response to the crash in oil prices.
It announced a modest 4 per cent increase for the third quarter, committed itself to raising the payout by 4 per cent annually thereafter and promised additional returns to shareholders through buybacks once it had reduced its debt levels.
Shell’s profits for the third quarter were $177 million, down 97 per cent from $6.1 billion a year earlier, but much improved on the record $18.3 billion loss that it posted in the second quarter.
The result…
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
