Surely no sensible company should be thinking about paying dividends at the moment - if you've got cash in the bank, use it to pay your staff if possible, and otherwise use it to keep yourself afloat until the current crisis passes......?
Brit IT infrastructure giant Computacenter hits pause on shareholder dividends after furloughing 10% of staff
Computacenter has suspended dividend payments to shareholders after furloughing one in ten workers, the lion's share of which include engineers, project managers and consultants unable to visit customers on site. In an update to the London Stock Exchange, the listed services-based reseller, one the largest across Europe, said …
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Friday 24th April 2020 10:55 GMT hoola
You may think that but I believe that is exactly what has happened, I cannot remember where but there were some quite high profile dividend payouts.
There is a knock-on for investors but increasingly it is appearing that some sectors are doing everything possible to ensure that any financial impact is someone else's problem. In the commercial property area this looks to include getting this months rent even if that means the company that is paying is then insolvent and goes under.
Maybe some of these landlords should start charging more for all the distribution centres and warehouses that they keep building. That would then also start to address some of the mismatch where the likes of Amazon have a huge advantage.
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