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Repsol raises dividend after adjusted net profit falls on lower oil, gas prices

Source Reuters

Posted on October 26, 2023

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MADRID, Oct 26 (Reuters) – Spanish energy group Repsol (REP.MC) said on Thursday it would raise the dividend to be paid in January after its adjusted net profit fell in the third quarter from the same period a year ago because of lower oil and gas prices.

The company raised its dividend to 0.40 euros ($0.42) per share, 14% more than the one paid in January 2023, in a bid to keep an “attractive return” while remaining “disciplined”.

For More Details Visit: https://www.reuters.com/business/energy/repsol-raises-dividend-after-adjusted-net-profit-falls-lower-oil-gas-prices-2023-10-26/