Royal Dutch Shell on Thursday announced it will increase its thirdquarter dividend by 4% after reporting strongthanexpected profits in the quarter.
LONDON: Royal Dutch Shell on Thursday announced it will increase its third-quarter dividend by 4% after reporting strong-than-expected profits in the quarter.
Shell’s adjusted earnings fell 80% to $955 million but easily beat company-provided average analysts forecasts of a $146 million profit.
The Anglo-Dutch company also said it would boost its dividend on an annual basis going forward in a sign of confidence after it reduced its dividend in April for the first time since the 1940s in response to the slump in oil prices caused by the pandemic.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
Read all the Latest News and Breaking News here
Comments
0 comment