Saudi Aramco will have to raise its already massive annual dividend of $75 billion if it wants to remain competitive with other oil giants and raise its dividend yield to the average for international oil majors, Bank of America said in a note carried by Bloomberg. Despite the fact that it is the world’s largest, the Saudi oil giant’s dividend needs to be even higher if Aramco wants to have a dividend yield at least at the level of international oil giants. ExxonMobil, Chevron, and BP, for example, each have a dividend yield of over…
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