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BW Businessworld

Shell Increases Dividend After Beating Third-Quarter Forecasts

Shell's adjusted earnings fell 80% to $955 million but easily beat company-provided average analysts forecasts of a $146 million profit.

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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.

(Reuters)


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Royal Dutch shell Anglo-Dutch company COVID-19