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Tullow Oil restores dividends with $33 million payout

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LONDON (Reuters) – The board of British oil producer Tullow <TLW.L> will pay an interim dividend of 2.35 cents per share, representing a total payout of about $33 million (26.55 million pounds), it said on Wednesday.

The group’s first dividend since suspending payouts in 2015 follows a first half in which it doubled post-tax profit, to $103 million, from the same period last year.

(Reporting by Shadia Nasralla; Editing by David Goodman)

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