Shell shares: Significant increase after quarterly figures due to high dividend and billion-dollar share buyback program

Shell shares: Significant increase after quarterly figures due to high dividend and billion-dollar share buyback program

According to a report from www.boerse-online.de, Shell shares rose by around 2 percent after the publication of the quarterly figures. This is due to a high dividend and a new billion-dollar share buyback program. Shell plans to buy back $3.5 billion of its own shares over the next three months. In total, the company has already used $2.7 billion on share buybacks in the last three months. The dividend remains unchanged at 33.1 dollar cents per share, which corresponds to a dividend yield of 4.15 percent.

The expansion of the share buyback program and the high dividend yield have a positive impact on the market and investors. Shell stock continues to trend upwards, boosting investor confidence. Analysts recommend buying Shell shares with a price target of 39 euros and a stop price of 19.00 euros. This means a price potential of 24 percent.

Shell's quarterly figures were received positively. Although adjusted profit fell 34 percent compared to the previous year, this decline was expected by analysts. Earnings per share were also in the expected range at $0.93. The company's cash flow was only 1.7 percent lower than in the same quarter last year, which was viewed positively by analysts and investors.

Overall, the quarterly figures, the high dividend and the share buyback program reflect confidence in Shell shares. This leads to an increase in the share price and can have a positive impact on the company's market value.

Source: According to a report from www.boerse-online.de