ROYAL Dutch Shell has announced plans to increase payouts to shareholders as it feel the benefit of the increase in oil prices fuelled by the rollout of coronavirus vaccines. The Anglo-Dutch giant said it planned to increase total shareholder distributions to within the range of 20 to 30 per cent of the cash flow it generates from operations. Shell said the increase is expected to start from the company’s second quarter results announcement, which is scheduled for July 29. The decision to increase payouts underlines Shell’s confidence in the outlook for the market, amid growing hopes that a strong global economic recovery is in prospect. The hopes do not appear to have been dampened by the rapid spread of the Delta variant of the coronavirus.
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