Anadarko Petroleum Corp. slashed its dividend by 81 percent, joining a parade of oil and natural gas drillers cutting investor payments as they struggle to preserve cash with prices below $30 a barrel.
The cut, the first in the company’s history, reduces payments payable March 23 by 22 cents to 5 cents per share, the company said in a statement Tuesday. The move will save about $450 million a year for Anadarko, the third-biggest U.S. gas producer.
Brazil Energy Insight 
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