Spain: Repsol Announces 10% Dividend Increase
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Thursday, 01 December 2011 |
Repsol’s Board of Directors has approved a gross interim dividend of €0.5775 per share based on 2011 earnings, a 10% increase on last year’s dividend. The payment will be made to shareholders on January 10 2012.
In a statement, Repsol explained that “the positive trend of the company’s earnings in 2011” enabled the increased dividend. The company added that the move “is consistent with its policy of financial discipline and adequate shareholder returns.” The company recently reported operating income of €1.2bn for the third quarter of 2011, an increase of 5.7% on the same period last year.
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