Shell In-Line With Its Progressive Dividend Policy Announced 4% Increase In Dividend For Q4 To $ 0.344 Per Ordinary Share And $0.688 Per ADS
Portfolio Pulse from Benzinga Newsdesk
Shell has announced a 4% increase in its quarterly dividend to $0.344 per ordinary share and $0.688 per ADS, in line with its progressive dividend policy. Additionally, Shell is initiating a $3.5 billion share buyback program over the next three months. The ex-dividend dates for ADSs and ordinary shares are set for February 15, 2024, with the payment date on March 25, 2024.
February 01, 2024 | 7:23 am
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POSITIVE IMPACT
Shell's announcement of a dividend increase and a new share buyback program reflects a strong commitment to shareholder returns, which could positively influence investor sentiment and the stock price in the short term.
Dividend increases and share buyback programs are typically viewed positively by the market as they signal confidence in the company's financial health and a commitment to returning value to shareholders. The 4% increase in Shell's dividend and the initiation of a substantial buyback program are likely to be well-received by investors, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100