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re: Royal Dutch Shell Dividend Cut
Posted on 4/30/20 at 4:58 pm to C
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
2
Posted on 4/30/20 at 5:17 pm to nated14
Analysts were already hard on upstream O&G before the crash and were hammering companies to decrease debt and increase free cash/liquidity. Companies that weren't good at that were definitely punished by the market before, and more so through the crash.
This post was edited on 4/30/20 at 5:25 pm
Posted on 4/30/20 at 5:20 pm to nated14
So a new ETF will be formed any day now, maybe its symbol will be CUTR??? RDS cut is not shocking.
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