While the start of the buy-back programme was announced (but not its amount), the positive surprise comes from the dividend. While the dividend is still down by 50% vs pre-COVID-19, management made a good decision, as this level is sustainable and will get rewarded.

29 Jul 2021
Q2: distribution update

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Q2: distribution update
Shell Plc (SHEL:LON) | 2,376 -23.8 (0.0%) | Mkt Cap: 165,710m
- Published:
29 Jul 2021 -
Author:
Kevin VO -
Pages:
3 -
While the start of the buy-back programme was announced (but not its amount), the positive surprise comes from the dividend. While the dividend is still down by 50% vs pre-COVID-19, management made a good decision, as this level is sustainable and will get rewarded.