Dragon dividends on slow burn as firm eyes acquisitions

By Eduard Gismatullin

The company has raised its first-half payout to shareholders by 67% to 15c a share. Dragon Oil plans to spend $200m (€162m) on buying back 5% of its shares, the Dubai-based explorer said in a statement.

For dividends, “I don’t see the same growth pattern continuing in the future with the same pace”, said CEO Abdul Jaleel al Khalifa.