All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. By the end of March, the yield was still in double-digit territory. The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2020 interim dividend, which was announced on April 30, 2020 at US$0.16 per A ordinary share (“A Share”) and B ordinary share (“B Share”). This dividend will be payable on June 22, 2020 to those members whose names were on the Register of Members on May 15, 2020. This announcement contains forward-looking statements (within the meaning of the U.S. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. Disclosure: I am/we are long RDS.A, SU, CVX. My guess is that in the absence of an oil market calamity, they will approve the yearly increase for a number of years to come. Many such investors sold their positions in Shell or reduced it. From my perspective, it was not a logical move because the stock will recover, while given Shell's current stock price, I would have taken a loss on the sale, equivalent more or less with my dividend gains over the past years. Given that in the third quarter of 2019, Shell paid out $3.8 billion in dividends, which has been cut back to $1.2 billion, we are looking at $2.6 billion in savings just for the most recent quarter. As I pointed out in a recent article, I do believe that there will be a return to higher oil prices, and it might happen sooner than we think, especially if the start of global mass-vaccination for COVID-19 next year will bring an end to economic disruptions, at least in the world's main economies. Each forward-looking statement speaks only as of the date of this announcement, April 30, 2020. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Those are about the same levels as they were at the lowest point of the oil price downturn of 2014-2017, in Q1 2016. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,798.28 ($23.49). Market data powered by FactSet and Web Financial Group. @themotleyfool #stocks $RDS.A $RDS.B $BP $CVX $XOM $PEP $PG $TOT, 3 Top Energy Stocks to Buy Ahead of the Election, Shell Plans to Cut Thousands of Jobs Amid Shift to Carbon Neutrality: What Investors Need to Know, Leaked Documents Reveal ExxonMobil Plans to Increase Carbon Emissions 17% by 2025, Copyright, Trademark and Patent Information. However, the industry is in turmoil, and even Shell's CEO admits that years of underperformance are probably ahead. This is a hopeful sign which might suggest that Shell will manage to avoid a significant increase in its debt load for the remainder of the COVID-19 crisis. Review RDS.B dividend yield and history, to decide if RDS.B is the best investment for you. The dividend cut may have stung investors, especially those who have been holding the stock for the dividend. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The cut in Shell's dividend will, in my view, help support its stock value in the longer term. John has found investing to be more interesting and profitable than collectible trading card games. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Browse... View Full Chart Dividend Chart . RDSB opened at GBX 877.50 ($11.46) on Thursday. Each forward-looking statement speaks only as of the date of this announcement, June 8, 2020. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. The company has a quick ratio of 0.87, a current ratio of 1.24 and a debt-to-equity ratio of 65.44. Even Van Beurden was pretty bearish about Shell's outlook on the Q1 2020 earnings call. Wall Street was stunned. "We are confident that our strategy is working (and) we are confident that the outlook for 2020, that we promised in 2017, is going to be met," Shell CEO Ben van Beurden told CNBC's "Squawk Box Europe" on Tuesday. But investors can and should ask for more out of their investments. Horton, Inc. (NYSE:DHI), The Home Depot, Inc. (NYSE:HD) Shares Bought by Regent Peak Wealth Advisors LLC, Schaper Benz & Wise Investment Counsel Inc. WI Sells 1,266 Shares of The Home Depot, Inc. (NYSE:HD), The Home Depot, Inc. (NYSE:HD) Stock Holdings Lifted by Advisors Capital Management LLC, American International Group Inc. You can't fault Van Beurden for taking swift action to strengthen the company's balance sheet with that kind of outlook. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. © 2020 CNBC LLC. I have been holding it for its very generous dividend. Shell said it would raise its dividend to shareholders by around 4% to 16.65 U.S. cents for the third quarter of 2020 and on an annual basis going forward. These terms are also used where no useful purpose is served by identifying the particular entity or entities. In response, Shell has taken decisive actions to reduce our spending and position our businesses to compete in the current lower commodity price environment and uncertain demand outlook. I wrote this article myself, and it expresses my own opinions. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market. The stock’s 50 day moving average price is GBX 966.88 and its two-hundred day moving average price is GBX 1,167.25. Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. Shell has in recent years vowed to maintain its spending at the lower end of a $25-30 billion range. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax. They will most likely take on a lot of debt for the remainder of this year and next, while Shell may manage to keep its absolute debt volume stable for the period. The following organisations operate Dividend Reinvestment Plans (“DRIPs”) which enable RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them: Such organisations provide their DRIPs fully on their account and not on behalf of Royal Dutch Shell plc. The Goldman Sachs Group set a GBX 1,740 ($22.73) price target on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Thursday, October 1st. Among the five oil majors, Shell has consistently been a top dividend yielder for the last five years. The pace and scale of the societal impact of COVID19 and the resulting deterioration in the macroeconomic and commodity price outlook is unprecedented. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. Commodities, Macro, gold & precious metals, Long/Short Equity. Horton, Inc. Berenberg Bank upped their price objective on shares of Royal Dutch Shell from GBX 1,440 ($18.81) to GBX 1,450 ($18.94) and gave the company a “hold” rating in a research report on Friday, July 31st. If I am correct, at that point, we should see real market support for higher prices starting a year from now. What Shell is saying is that it is taking into consideration an increase of 4% annually in its dividend, subject to approval by the board. This helped Shell cut its debt load by almost $1 billion in the third quarter of this year, compared with the same quarter from last year. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. Suncor (SU) simply cannot escape the burden of producing oil from oil sands, which tends to be more expensive to dig out of the ground, while it sells at a deep discount, therefore, it cannot be expected to produce much in terms of profits in such an environment. Chair of the Board of Royal Dutch Shell Chad Holliday commented: “Shareholder returns are a fundamental part of Shell’s financial framework. I should also mention that if Shell avoids piling on large volumes of debt during the current oil price downturn, it may lead to lower debt servicing costs, which could free up more funds for investments compared with its peers. So let's look beyond the yield and see what Shell's prospects look like. This is a positive change from Royal Dutch Shell’s previous dividend of $0.16. You'd think a massive company that hadn't cut its dividend since World War II would be a pretty safe bet for dividend investors. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2019 (available at www.shell.com/investor and www.sec.gov). Get this delivered to your inbox, and more info about our products and services. Shell is taking the steps necessary to ensure that we are well-positioned for the eventual economic recovery. Shell said its capital spending will average $30 billion per year between 2021 and 2025, with a ceiling of $32 billion. Exxon, for instance, did not slow down its shale production all that much this year and continues to ponder further expanding production next year, which will probably weigh heavily on its financial results this year and next. A printed copy of our 2019 Annual Report can be ordered free of charge. The plans to increase spending on oil and gas projects come as Shell set out the sector's most ambitious targets to reduce greenhouse gas emissions from its operations in an effort to comply with the 2015 Paris climate agreement. Rival Exxon and Chevron also plan to increase spending. In a strategy update, Shell outlined a vision for a future business that focuses more heavily on its gas, power and chemicals divisions as the world transitions to a lower-carbon economy. Shell CEO: Era of investing in upstream will be with us for some time to come. We want to hear from you. See you at the top! As an investor, I can't say it did not hurt to see Shell's (RDS.A, RDS.B) dividend cut in the spring of this year and cut so deeply. So, the highest yielder among the oil majors has now become the lowest. But investing hundreds of millions of dollars back into the company every year, instead of spending it on debt servicing can in time make a significant difference in terms of a company's performance relative to its peers.
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