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Royal Dutch Shell Dividend Cut
Posted on 4/30/20 at 1:47 am
Posted on 4/30/20 at 1:47 am
Down to 16 cents from .47 cents. First dividend reduction for them since 1940.
Posted on 4/30/20 at 2:00 am to ScrapPack
Good info.
I wonder if Analysts will see it as a positive that they are still paying a dividend this quarter - instead of no dividend.
I wonder if Analysts will see it as a positive that they are still paying a dividend this quarter - instead of no dividend.
Posted on 4/30/20 at 7:25 am to UncleLester
I'll bet their stock price gets obliterated. Not saying it was the wrong move for the company, but a lot of investors are in this only for the dividend. Shows the hazards of chasing dividend yield.
Posted on 4/30/20 at 7:37 am to SloaneRanger
The high price they paid for BG in concert with an aggressive share buy back program, low oil, low demand, the debt was out of hand there were very few options left. Financially I think it was the right move at the wrong time. Funds will dump shares no doubt.
Posted on 4/30/20 at 7:39 am to nated14
Where’s the dude that swore up and down (in multiple threads) that shell would never cut their dividend?
Posted on 4/30/20 at 8:02 am to ScrapPack
Dividends are being cut/stopped at record pace this year. Don't get caught in yield traps.
Posted on 4/30/20 at 8:07 am to ScrapPack
This is going to spook the whole oil sector. Shell already down 10+%
BP down 4+%
CVX and XOM flat since they reaffirmed dividend payout.
BP down 4+%
CVX and XOM flat since they reaffirmed dividend payout.
Posted on 4/30/20 at 8:17 am to wutangfinancial
I got in at $22.36 last month. Hopefully it doesn't drop that low, I doubt it will. $30ish would be a nice newer bottom from the dividend cut.
Posted on 4/30/20 at 8:28 am to ColoradoAg03
That's incredible TBH. Even if you retest lows RDS at will survive the other side of this almost guaranteed so there's no need to panic.
Posted on 4/30/20 at 8:58 am to ScrapPack
quote:
Down to 16 cents from .47 cents.
jesus. just got rammed up the arse bigly.
Posted on 4/30/20 at 8:59 am to wutangfinancial
Glad I saw this thread this morning. Bought some at $31.
Posted on 4/30/20 at 9:02 am to wutangfinancial
that’s why others try their damnedest to maintain there’s. I agree it’s likely a buying opportunity for those looking to dabble.
Posted on 4/30/20 at 10:02 am to ScrapPack
We buying after the big funds dump?
Posted on 4/30/20 at 10:26 am to ScrapPack
They also cut out the bonuses for everyone in the company including the executives.
Posted on 4/30/20 at 10:38 am to RebelExpress38
quote:
We buying after the big funds dump?
Same thing I'm wondering.
Posted on 4/30/20 at 10:43 am to ScrapPack
Interesting article out from Bloomberg on XOM. I see a lot of problems for Exxon going forward and the immense debt they carry along with their worse position relative to peers in the cost cycle puts them in an interesting position. I would bet most majors end up being forced to cut dividends before too long, RDS just happened to be the first.
Posted on 4/30/20 at 10:44 am to TigerDog83
Yeah, I thought for sure XOM would have cut theirs. Seems they are going for the instant gratification of trying to maintain stock price now and will "hope" for the best later on.
Doesn't seem like a good move.
Doesn't seem like a good move.
Posted on 4/30/20 at 10:49 am to notiger1997
I'm honestly not sure the majors are not just fundamentally flawed long term. They've lost out of the lowest cost assets mainly in the middle east to national oil companies instead spending on deepwater, oil sands, and some shale recently. Some have pivoted to gas like RDS and CVX to a lesser extent that may pay off eventually but look troubled in the near future. Not sure what the future holds for them, although they likely all survive this while the debt drillers in shale oil all perish and go away.
Posted on 4/30/20 at 11:43 am to TigerDog83
What immense debt? I think their debt position is fine as long as oil creeps back up to the 30s in the next year.
Posted on 4/30/20 at 1:02 pm to notiger1997
quote:
They also cut out the bonuses for everyone in the company including the executives
Where are you seeing this? I’m seeing Executives only...?
-Shell employee
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