Obtaining a nice, safe income stream used to be one of the main reasons for becoming an equity investor. But not any longer. Since the outbreak of coronavirus, company dividend payments have dried up. The latest dividend report from Link Group, which monitors payouts from UK companies, indicates that dividends for the second quarter of … Read more
Stagecoach scraps dividend for shareholders amid lower bus passenger numbers and the demise of rail franchises Stagecoach’s commercial revenues are now back at 40% of their pre-Covid level A £254m government package for bus, tram and light rail was announced in May By Harry Wise For This Is Money Published: 16:29 BST, 22 July 2020 … Read more
Britain’s biggest supermarket was set up in 1919 at the height of the Spanish flu epidemic. Today Tesco has a commanding 26.9 per cent share of the grocery market, thanks to a strategy of offering value under such celebrated slogans as ‘pile-em-high, sell-em-cheap’ and Every Little Helps. During the current pandemic it’s a proposition that … Read more
Dixons Carphone axes dividend as profits halve: Electronics chain warns of ‘weakening’ consumer spending By Daily Mail City & Finance Reporter Published: 21:51 BST, 15 July 2020 | Updated: 21:51 BST, 15 July 2020 Dixons Carphone axed its final dividend in a fresh blow to investors after annual profits more than halved. Warning of ‘weakening’ spending … Read more
Health and safety equipment maker Halma has promised to hand dividend-deprived shareholders an extra boost in its next payout. Bucking a trend that has seen dozens of FTSE 100-listed firms cancel or push back handouts as they struggle to balance their books in the Covid era, Halma has raised its total dividend by 5 per … Read more
Britain’s biggest box maker DS Smith struck the wrong note with investors after it chose to withhold its dividend. The packaging maker cancelled its final payout to shareholders despite the rise in online shopping that boosted business during lockdown. Profits at the group – whose customers include Amazon – rose 5 per cent to £368million … Read more
Fears growing that BP will cut its dividend after warning that it will take a one-off hit of up to £14bn By Francesca Washtell For The Daily Mail Published: 22:21 BST, 15 June 2020 | Updated: 22:21 BST, 15 June 2020 Fears are growing that BP will cut its dividend after warning that it will … Read more
STOCK WATCH: Will Johnson Matthey’s investors be converted by dividend? By Jamie Nimmo For The Financial Mail On Sunday Published: 22:31 BST, 6 June 2020 | Updated: 22:31 BST, 6 June 2020 Ten weeks is a long time in a crisis. But it’s how long shareholders of Johnson Matthey have had to wait since the … Read more
Office lettings company Workspace hikes dividend despite profits halving and a large drop in new enquiries Workspace Group’s level of enquiries in early April was as low as 50 per week Office space firms have been severely impacted by new social distancing rules Last month, Land Securities said less than 10% of its office sites … Read more
Balfour Beatty cancels dividend and warns Covid-19 crisis will impact its finances By Daily Mail City & Finance Reporter Published: 21:51 BST, 1 June 2020 | Updated: 22:12 BST, 1 June 2020 Balfour Beatty managed to keep 78 per cent of its UK sites open in April – when most builders had shut down Balfour … Read more