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re: Royal Dutch Shell Dividend Cut
Posted on 4/30/20 at 4:46 pm to TigerDog83
Posted on 4/30/20 at 4:46 pm to TigerDog83
quote:
They (XOM) went from essentially no debt in 2008 to about 50 billion
I think that’s more a factor in how cheap companies can borrow now versus then. I think Apple has over $100 billion in debt. Most of this is probably at less than 3%. Cash flow is XOM issue. The cost of debt isn’t what’s breaking their bank at the moment. It will be interesting what they have to pay for debt this year and next though.
1
Posted on 4/30/20 at 4:58 pm to C
I agree. I think the move RDS made was fiscally responsible. The dividends for big oil have been a “keeping up with the Joneses” for quite sometime. Better to rebalance/reset during a huge downturn IMO. Scrip dividends were used a few years ago but in this case now, would undermine their buybacks. I just hope it’s not step 1 in trying to win the court of public opinion to reduce the workforce dramatically. RDS cares about optics and a reduction in workforce while the board makes millions while the company pays a fat divy while buying back shares would not sit well with the public in the US much less across the pond.
RDS has spent over 200BILLION in the last 12 years paying dividends and buybacks
RDS has spent over 200BILLION in the last 12 years paying dividends and buybacks
This post was edited on 4/30/20 at 5:00 pm
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