Royal Dutch Shell cut its dividend 66% to $0.16 from $0.47 this morning. This is the first time Shell has cut its dividend since WWII. The stock is trading down 13% in pre-market as the dividend cut was much larger than expected. Shell is the biggest dividend in the FTSE-100 and this cut is a shock to dividend investors and pensioners that depended on the income. "This is a difficult day but an inevitable moment," said Shell CEO Ben van Beurden that had to be taken to "protect the financial resiliency of the company". The coronavirus has crushed global demand for energy and created much uncertainty for companies. Shell's large cut shows that no company is invulnerable. The ORATS dividend feed that lists all US equities with options (including ETFs and ADRs) discrete dividend feed out 2.7 years, to cover the longest leap options. ORATS lists the Shell (RDS_A) amount as $0.27 and (RDS_B) $0.32 because both ADR share classes represent 2 ordinary shares and the A share has a net that reflects a 15% tax. From the ORATS dividend feed: RDS_A 2020-05-11 0.27 4 RDS_A 2020-08-10 0.27 4 RDS_A 2020-11-16 0.27 4 RDS_A 2021-02-15 0.27 4 RDS_A 2021-05-11 0.8 4 RDS_A 2021-08-10 0.8 4 RDS_A 2021-11-16 0.8 4 RDS_A 2022-02-15 0.8 4 RDS_B 2020-05-11 0.32 4 RDS_B 2020-08-10 0.32 4 RDS_B 2020-11-16 0.32 4 RDS_B 2021-02-15 0.32 4 RDS_B 2021-05-11 0.94 4 RDS_B 2021-08-10 0.94 4 RDS_B 2021-11-16 0.94 4 For more information on ORATS dividends and to sign up to receive the feed, click HERE.