Friday, April 3, 2020

Shell Eyes Dividend Boost After 2020

June 4, 2019

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Royal Dutch Shell on Tuesday said it expects to increase its dividend payouts to shareholders once it completes a $25 billion share buyback by the end of 2020.

The world's second largest oil and gas company also expects its free cash flow - cash available to pay for dividends and share buybacks - to rise to around $35 billion per year by 2025 at a Brent crude oil price of $60 per barrel.

That compares with $28-33 billion in free cashflow it expects to deliver by the end of next year.

Shell, the world's biggest dividend payer at $16 billion a year, last increased its quarterly dividend in the first quarter of 2014 to $0.47 per share.

(Reporting by Ron Bousso; editing by Jason Neely)

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