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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.
