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Royal Dutch Shell Dividend Cut
Posted by ScrapPack on 4/30/20 at 1:47 am40
Down to 16 cents from .47 cents. First dividend reduction for them since 1940.
re: Royal Dutch Shell Dividend CutPosted by UncleLester 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.
re: Royal Dutch Shell Dividend CutPosted by SloaneRanger 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.
re: Royal Dutch Shell Dividend CutPosted by nated14 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.
re: Royal Dutch Shell Dividend CutPosted by wutangfinancial 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.
re: Royal Dutch Shell Dividend CutPosted by UltimaParadox 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.
re: Royal Dutch Shell Dividend CutPosted by ColoradoAg03 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.
re: Royal Dutch Shell Dividend CutPosted by wutangfinancial 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.
re: Royal Dutch Shell Dividend CutPosted by Chad504boy 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.
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re: Royal Dutch Shell Dividend CutPosted by HeLeakin on 4/30/20 at 8:59 am to wutangfinancial
Glad I saw this thread this morning. Bought some at $31.
re: Royal Dutch Shell Dividend CutPosted by C 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.
re: Royal Dutch Shell Dividend CutPosted by RebelExpress38 on 4/30/20 at 10:02 am to ScrapPack
We buying after the big funds dump?
re: Royal Dutch Shell Dividend CutPosted by notiger1997 on 4/30/20 at 10:26 am to ScrapPack
They also cut out the bonuses for everyone in the company including the executives.
re: Royal Dutch Shell Dividend CutPosted by LSUregit on 4/30/20 at 10:38 am to RebelExpress38
quote:
We buying after the big funds dump?
Same thing I'm wondering.
re: Royal Dutch Shell Dividend CutPosted by TigerDog83 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.
re: Royal Dutch Shell Dividend CutPosted by notiger1997 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.
re: Royal Dutch Shell Dividend CutPosted by TigerDog83 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.
re: Royal Dutch Shell Dividend CutPosted by C 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.
re: Royal Dutch Shell Dividend CutPosted by TigeRoots 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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