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Shell ups dividend despite tumbling earnings

New payout policy announced as trading division holds up earnings in September quarter
Shell ups dividend despite tumbling earnings
  • September quarter adjusted earnings down 80 per cent on last year
  • Shell increasing dividend 4 per cent after cutting it following the oil price crash 

Weeks after announcing thousands of job losses and on the back of an 80 per cent drop in adjusted earnings, Royal Dutch Shell (RDSB) has increased its investor payout once again. The 16.65c is still meagre compared to last year’s 47c September quarter payout, but represents a 4 per cent increase on the June dividend. 

IC TIP: Sell at 891p

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