Shell lifts dividend and launches US$2bn share buyback
“The quality of Shell’s operational and financial delivery and strengthened balance sheet have given the board confidence to rebase the dividend,” said chief executive Ben van Beurden
Royal Dutch Shell PLC (NYSE:RDS.A) boosted shareholder returns by lifting its dividend and kicking off a US$2bn share buyback programme for 2021.
Shell is to pay 24 US cents per share for its second-quarter interim dividend, up from 17.35 cents in the first quarter.
“The quality of Shell’s operational and financial delivery and strengthened balance sheet have given the board confidence to rebase the dividend,” said chief executive Ben van Beurden.