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IS - Shell reduces Q1 dividend 66%; first cut since World War II - May 2020

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For the first time since World War II, Royal Dutch Shell has cut its dividend, reducing the Q1 payment by 66% to $0.16/share from $0.47/share at the end of 2019. Chairman Chad Holliday said that the board took the action because of the risk of a prolonged period of economic uncertainty, weaker commodity prices and an uncertain demand outlook. The supermajor also announced that it would suspend the next tranche of its share buyback......
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