Shell Raises Dividend as Profit Beats Expectations

(Bloomberg) — Royal Dutch Shell Plc raised its dividend and pledged to grow the payout steadily, just six months after slashing it for the first time since the Second World War.Amid a painful year for Big Oil, the Anglo-Dutch energy giant offered investors some good news. It also reported a larger-than-expected profit for the third quarter, lower net debt and strong cash flow, even as most of its divisions continued to be battered by the coronavirus pandemic.Shell’s dividend for the quarter will increase by 4% to 16.65 cents a share and increase annually thereafter, the company said in a statement …read more

Source:: Yahoo Finance


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