British companies have scrapped £25bn of shareholder pay-outs, or one-third of the dividends expected by investors during the rest of 2020, as they attempt to preserve cash during the coronavirus crisis.
However, the big BUT is,
£31bn of payments expected by investors are likely to go ahead, probably from companies in sectors such as food, drink and tobacco; utilities; healthcare; and consumer goods – which have experienced continued demand during the pandemic. Tesco has defended its decision to pay a £635m dividend
Insurance giants still plan pay-outs. Legal & General are pressing ahead with a £753m dividend payment. Other UK-headquartered insurers including Phoenix Group, Admiral and Prudential have so far stayed silent on the issue.
https://www.theguardian.com/business/2020/apr/09/dividends-axed-uk-companies-hunker-down
However, the big BUT is,
£31bn of payments expected by investors are likely to go ahead, probably from companies in sectors such as food, drink and tobacco; utilities; healthcare; and consumer goods – which have experienced continued demand during the pandemic. Tesco has defended its decision to pay a £635m dividend
Insurance giants still plan pay-outs. Legal & General are pressing ahead with a £753m dividend payment. Other UK-headquartered insurers including Phoenix Group, Admiral and Prudential have so far stayed silent on the issue.
https://www.theguardian.com/business/2020/apr/09/dividends-axed-uk-companies-hunker-down
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