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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (9570)	4/30/2020 12:57:31 PM
From: Kirk ©	Read Replies (4) \| Respond to of 26470

Is this the first of several majors to slash? Shell Slashes Dividend 66% "Given the continued deterioration in the macroeconomic outlook and significant mid- and long-term uncertainty," Royal Dutch Shell (RDS.A, RDS.B) is slashing its quarterly dividend to $0.16, from $0.47 per share, for the first time since WWII. COVID-19 has slammed demand for oil, gas and related products, while crude recorded a historic plunge into negative territory earlier this month. Shell's adjusted current cost of supplies income, used as a proxy for net profit, slid 45% to $2.9B during the first quarter of 2020, compared with $5.3B a year earlier.