Hess Corp. became an interesting outlier Wednesday with its announcement that it would issue a dividend this month, maintaining its seven-year streak of quarterly shareholder returns. As many other exploration and production companies scale back on expenses to protect dwindling cash balances, Hess' board of directors has instead declared a quarterly dividend of 25￠/share payable on common stock held Sep. 15 (OD Jun.1'20). The diversified independent has paid out the 25￠/share dividend in each quarter since 2013. The staggering downturn this year has hit even the largest companies' ability to turn enough profit to maintain returns to investors.
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