(Bloomberg) — Saudi Arabia’s state-controlled oil giant retained its massive dividend despite a 25% plunge in profit, and signaled it would keep spending in check as it braces for deeper damage from the oil crisis.Saudi Aramco, the world’s most valuable company, will pay a dividend of $18.75 billion for the first three months of 2020. That would leave it on track to meet its full-year goal of $75 billion, though the company didn’t specify if it was still committed to that number.The dividend is crucial for the kingdom, which holds about 98% of Aramco and is facing its worst financial …read more
Source:: Yahoo Finance
