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Royal Dutch Shell Plc increases dividend for the third quarter

1 min read | October 30, 2020 01:36 PM GMT | By Team Kalkine Media
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Royal Dutch Shell Plc (LON:RDSA) has announced an increased interim dividend for the Q3 of 2020 of US$ 0.1665 per A ordinary share and B ordinary share.

  • With the announcement of around 4 per cent increase in the dividend, the company has reinstated its decades-long commitment to increase shareholder pay-outs.
  • However, it also marked that its oil production may never recover from the coronavirus pandemic.
  • The company had planned to reduce net debt to $65 billion from $73.5 billion at the end of the third quarter of 2020.
  • Chad Holliday, the chair of the board, commented that the board is confident that the company can sustainably grow its shareholder distributions as well as invest for growth.

 

  • On 30 October 2020, the stocks of the company improved by 1.67% from its previous closing, hovering at around GBX 948.30 at 10:41 AM GMT+1.

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