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Repsol planning to raise scrip dividend
June 7, 2018
Source: World Oil

Repsol planning to raise scrip dividend

Spanish oil major, Repsol SA, is planning to raise its dividend over the following two years, betting the crude price would remain above $50/bbl. The scrip dividend in terms of stock, which is expected to reach 90 euro cents this year, will rise to 1 euro, in 2020. Repsol, which no longer seeks significant growth in its oil business, sold a stake in Spain’s Gas Natural, SDG SA, this year.

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