SuddenDeath
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At the annul general meeting in London, Mr Sutherland tried to reassure investors concerned about a future cut in the company's dividend. He said the company will continue pay-outs and maintain investment to ensure future growth.
However, Mr Sutherland also said that, with oil prices below $60 a barrel, it didn't generate enough cash to pay dividends and invest for growth. The company plans to freeze its dividend this year and borrow money to make the payment until market conditions improve.
http://www.telegraph.co.uk/finance/...eholders-revolt-against-director-bonuses.html
However, Mr Sutherland also said that, with oil prices below $60 a barrel, it didn't generate enough cash to pay dividends and invest for growth. The company plans to freeze its dividend this year and borrow money to make the payment until market conditions improve.
http://www.telegraph.co.uk/finance/...eholders-revolt-against-director-bonuses.html