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DewDiligence

03/25/20 10:38 PM

#21502 RE: DewDiligence #21501

CVX/RDS—My own view is that these companies are being quixotic by not cutting their dividends in order to maintain a streak of many, many years without a cut. These streaks are impressive to some investors, apparently, but I’d prefer financial discipline.

Disclosure: Long both stocks (#msg-154531041).