Royal Dutch Shell cut its dividend 66% to $0.16 from $0.47 this morning. This is the first time Shell has cut its dividend since WWII.

The stock is trading down 13% in pre-market as the dividend cut was much larger than expected. Shell is the biggest dividend in the FTSE-100 and this cut is a shock to dividend investors and pensioners that depended on the income. 

"This is a difficult day but an inevitable moment," said Shell CEO Ben van Beurden that had to be taken to "protect the financial resiliency of the company". 

shell-oil-dividend

The coronavirus has crushed global demand for energy and created much uncertainty for companies. Shell's large cut shows that no company is invulnerable. 

The ORATS dividend feed that lists all US equities with options (including ETFs and ADRs) discrete dividend feed out 2.7 years, to cover the longest leap options.

ORATS lists the Shell (RDS_A) amount as $0.27 and (RDS_B) $0.32 because both ADR share classes represent 2 ordinary shares and the A share has a net that reflects a 15% tax.

From the ORATS dividend feed:

  • RDS_A 2020-05-11 0.27 4
  • RDS_A 2020-08-10 0.27 4
  • RDS_A 2020-11-16 0.27 4
  • RDS_A 2021-02-15 0.27 4
  • RDS_A 2021-05-11 0.8 4
  • RDS_A 2021-08-10 0.8 4
  • RDS_A 2021-11-16 0.8 4
  • RDS_A 2022-02-15 0.8 4

 

  • RDS_B 2020-05-11 0.32 4
  • RDS_B 2020-08-10 0.32 4
  • RDS_B 2020-11-16 0.32 4
  • RDS_B 2021-02-15 0.32 4
  • RDS_B 2021-05-11 0.94 4
  • RDS_B 2021-08-10 0.94 4
  • RDS_B 2021-11-16 0.94 4

For more information on ORATS dividends and to sign up to receive the feed, click HERE.

 

related posts

Dividend Hits Keep Coming: Implied Dividends Predict The Tale
May
12
Dividends

Dividend Hits Keep Coming: Implied Dividends Predict The Tale

The implied dividends measure the options market view on how much companies will pay going...

Read Post
Risky Dividends: Kohl's Suspends Dividend After Raising It In March, Others Will Follow
May
08
Dividends

Risky Dividends: Kohl's Suspends Dividend After Raising It In March, Others Will Follow

Why would Kohl's (KSS) slash its dividend after raising it just two months ago, and why would...

Read Post

We're here, if you need us.

Still curious how we can help you?




LET'S CHAT