Tamarack Valley Energy To Acquire Rolling Hills Energy for C$93 Million

Edward Kim | |

The company also announced a 20% increase in its dividend.

Royal Dutch Shell To Increase Distributions to Shareholders After Oil Price Gains

Reuters | |

Royal Dutch Shell will boost returns to shareholders via share buybacks or dividends earlier than expected after a sharp rise in oil and gas prices helped it reduce debt, the Anglo-Dutch energy firm said on Wednesday.

Shell will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in the second quarter, the company said in a trading statement before quarterly results.

Global Corporate Debt To Increase by $600 Billion in 2021: Janus Henderson

Reuters | |

Global corporates' net debt will increase by as much as $600 billion this year as they start to spend some of the cash piles accumulated during the pandemic, a study by asset manager Janus Henderson said on Wednesday.

Companies borrowed a record $1.3 trillion last year but took a cautious approach towards spending it, which left them sitting on some $5.2 trillion in cash, Janus Henderson said.

BHP Group Reports Best First Half Profit in Seven Years; Declares Record Interim Dividend

Reuters | |

BHP Group on Tuesday reported its best first-half profit in seven years and declared a record interim dividend, as top metals user China’s strong appetite for iron ore to support its infrastructure push kept prices elevated.

China’s reliance on commodity-intensive stimulus measures to sustain economic growth has sent prices of the steel making ingredient to multi-year highs, while the COVID-19 vaccination push has brightened outlook for global trade this year.

Royal Dutch Shell Profit Falls 71% to $4.8 Billion, Lowest Level in More Than 20 Years

Reuters | |

Royal Dutch Shell’s profit last year dropped to its lowest in at least two decades as the coronavirus pandemic hit energy demand worldwide though the company’s retail network and trading business helped cushion the blow.

The Anglo-Dutch oil major’s annual profit slumped 71% to $4.8 billion as its oil and gas production and profits from refining crude into fuels dropped sharply.

In a sign of confidence, however, Shell said it planned to raise its dividend in the first quarter of 2021, which would be the second slight increase since its slashed its payout by two-thirds at the start of last year due to the pandemic.

Devon Energy To Acquire WPX Energy for $2.56 Billion in Stock

Reuters | |

U.S. oil and gas producer Devon Energy Corp said on Monday it will buy shale-oil rival WPX Energy Inc for $2.56 billion as it looks to boost its presence in the top U.S. oilfield.

The all-stock deal comes as U.S. shale companies have posted big losses on weak crude prices amid the COVID-19 pandemic and have struggled to raise new capital to restructure debt.

But as producers seek out combinations to survive the coronavirus-induced slump in demand, deals at little or no premium are becoming the norm.

Uncovering Income — Dividend Stocks in the Time of Coronavirus

Visual Capitalist | |

As companies conserve cash during the COVID-19 crisis, what stocks offer both high dividend yields and stable distributions?

JPMorgan Chase CEO Dimon Sees 'Bad Recession' in 2020; Considers Suspending Dividend

Reuters | |

Dimon said JPMorgan's earnings will be down “meaningfully in 2020.”

Investors Hungry for Yield Eye Stock Dividends As Bond Payouts Dwindle

Reuters | |

The gap between the S&P 500 dividend yield and that of 10-year Treasury bonds is its highest in nearly 50 years.

​Goldman Sachs Predicts 25% Reduction in Dividends Across S&P 500

Stephen L Kanaval | |

“The record high level of net leverage for the median S&P 500 stock coupled with the ongoing credit market stress means firms are unlikely to borrow to fund their dividend,” Goldman said.

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