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Eni becomes first oil major to cut dividend after price drop

2015-03-14 12:34:53| Oil & Gas - Topix.net

Eni SpA became the first major oil company to announce a dividend cut as the Italian group prepares for a period of lower oil prices. The Milan-based company said it was targeting a dividend of 80 euro cents per share, down from a 1.12 in 2014 and the first cut in investors' payout since 2009.

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