Royal Dutch Shell has managed to surprise the market with an increase in the dividend. This is what Jefferies analysts said on Thursday.
Shell increased the quarter dividend to $ 0.24 per share, “which is a positive surprise,” said the American investment bank. According to Jefferies, the announced $ 2 billion stock purchase was in line with expectations.
The results of Shell were therefore strong. The adjusted profit was 9 percent higher than anticipated and the operating cash flow as much as 17 percent. Of all the major oil giants, Shell offers the shareholder the highest reward, according to Jefferies.
The share Royal Dutch Shell won 3.7 percent on Thursday.