Royal Dutch Shell's Dividend Cut Overshadows Better-Than-Expected Q1 2020 Earnings
On Thursday, April 30, oil major Royal Dutch Shell (NYSE: RDS.A)(NYSE: RDS.B), which had been a best-in-class dividend stock for a decade, reported Q1 2020 earnings, stunning Wall Street by announcing it was slashing its dividend by two-thirds. The news caused shares to tumble 12.5% in morning trading, and overshadowed what was otherwise a better-than-expected Q1 2020 earnings report.
Obviously, investors need to reevaluate Shell, but let's consider the whole earnings report and not just the dividend disappointment. Here's what happened this quarter and what it means for Shell moving forward.
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Source Fool.com
