Image Source: AsiaOne
ROYAL DUTCH SHELL PLC THIRD QUARTER 2020 PRESS RELEASE GlobeNewswire October 29, 2020 SHELL SETS OUT A COMPELLING INVESTMENT CASE The Hague, October 29, 2020 - Shell today announced a cash allocation framework that will enable it to reduce debt, increase distributions to shareholders, and allow for disciplined growth as it reshapes its business for the future of energy. Ongoing work to reshape Shell’s portfolio is expected to deliver continued cash generation to grow its low-carbon businesses as well as to increase shareholder distributions, making a compelling investment case. In confirming its progressive dividend policy, Shell announces a dividend per share growth by around 4% to 16.65 US cents for the third quarter 2020 and annually thereafter, subject to Board approval.
Source: AsiaOne