During a rocky period on the stock market, investors would usually take solace in a guaranteed stream of dividend payments. But the coronavirus pandemic has required companies to take desperate – and at times unprecedented – measures to protect their finances. A staggering £4.2billion of dividends have been axed or deferred so far this month, … Read more
Persimmon starts ‘orderly shutdown’ of its construction sites, bans most face-to-face meetings with homeowners and axes a dividend Housebuilder warns it faces a ‘material slowdown’ in new sales Interim dividend for shareholders in axed, but final dividend is postponed Sales sites shut from Thursday and face-to-face contact with customers cut By Jane Denton For Thisismoney … Read more
Investment trusts set to prove resilient as dividends come under pressure 20 British companies have said they are cutting dividends or suspending them But some investment trusts with an income bent should prove more dividend-resilient because of the income reserves they have squirreled away By Jeff Prestridge for The Mail on Sunday Published: 23:04 GMT, … Read more
More than £1bn of shareholder payouts have been cancelled due to coronavirus after Marks & Spencer and Wetherspoons joined other firms calling off dividends. Intercontinental Hotels became the first FTSE 100 firm to hold back its final dividend yesterday, meaning its investors will miss out on a payout of around £140million. The group, which has … Read more
Drop bonuses, bosses urged as a dozen London-listed companies suspend or axe dividend By Lucy White For The Daily Mail Published: 21:50 GMT, 19 March 2020 | Updated: 22:12 GMT, 19 March 2020 Bosses were last night urged to ditch their bonuses as a dozen London-listed companies suspended or axed their dividends. In another blow … Read more
Aramco to cut spending by 25% as oil prices plummet – but it will still fork out £3.2bn in dividends Saudi Aramco racked up costs of almost £27bn last year, but could cut to £20bn The state-backed energy giant went public in December in the biggest ever float It will pay £3.2bn in dividends for … Read more