Dow Jones Newswires: Shell to lift dividend by 15%, launch $5 billion buyback

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By Christian Moess Laursen

Shell said Wednesday that it will increase shareholder distributions, while outlining plans for $5 billion in buybacks and a reduction in capital spending.

The energy major said it will lift its shareholder distribution to 30%-40% of cash flow from operations through the cycle, with a 15% increase in dividend a share…