Nobel NE -0.46 % on Friday slashed its dividend by more than half, the latest company to make moves to preserve liquidity amid sharply lower oil and gas prices. The London-based company said it took down its quarterly payout to 15 cents a share from 37.5 cents. The cut is Noble’s first since mid-2012. “We believe the revised dividend appropriately addresses the prevailing industry uncertainty,” said Chief Executive David Williams. “The decision to adjust the dividend and preserve liquidity in an uncertain market is not reflective of our current financial performance,” Mr. Williams said, adding that the company expects to beat expectations when it reports third-quarter results next week. The reduction will cut Noble’s dividend yield to 4.6% from 11.5%, based on a $13.01 share price, which is where the stock was halted before the company […]