Dividends Going To Posties...

[k979aaa]

The government needs cash too maybe he could do a voluntary donation or the UK gov will raid his Swiss bank account and reprocess his palace!

[rambo1]

Rico has read the thread Wacko and cancelled the dividend, no word of him taking a pay cut but it looks like the finance director has paid the price.

Quell surprise!

Are we the first big PLC to suspend divi's as a result of Coronavirus?

I've not heard of any other comparable sized companies doing this so soon.

The cynic in me thinks yet again this is Rico doing his best to talk down the prospects of RM in order to force through the changes he wants to make in the face of any opposition from the CWU and OFCOM

It'd be easier to list the companies who are keeping their dividend. Some have even cancelled declared dividends.

[TrueBlueTerrier]

Rico has read the thread Wacko and cancelled the dividend, no word of him taking a pay cut but it looks like the finance director has paid the price.

Quell surprise!

Are we the first big PLC to suspend divi's as a result of Coronavirus?

I've not heard of any other comparable sized companies doing this so soon.

The cynic in me thinks yet again this is Rico doing his best to talk down the prospects of RM in order to force through the changes he wants to make in the face of any opposition from the CWU and OFCOM

No:

https://www.theguardian.com/business/20 ... disruption" onclick="window.open(this.href);return false;

https://www.theguardian.com/business/20 ... oronavirus" onclick="window.open(this.href);return false;

The total amount of dividends cancelled this year so far has reached £1.5bn, as every sector of the economy feels the impact of the pandemic. On Monday the companies scrapping payouts to save cash included the B&Q and Screwfix owner Kingfisher, the broadcaster ITV, the bus operators Stagecoach and Go-Ahead and the clothing retailer N Brown, whose brands include Simply Be and Jacamo.

https://www.sharecast.com/news/weekly-r ... 03901.html" onclick="window.open(this.href);return false;

Rentokil Initial has cancelled its dividend and cut the pay of its top people in an effort to conserve more than £500m in cash after the Covid-19 crisis hit its business.

Online real estate agent Rightmove cancelled its dividend and pulled full year guidance as due to uncertainties caused by the impact of Covid-19.

Waste management company Biffa cancelled its dividend on Wednesday and said it will not be providing any guidance for FY21 as it expects the Covid-19 outbreak to cause "significant" disruption to its operations.

Transport operator Stagecoach issued a profit warning on Monday adding that it was unlikely to pay any further dividends as the coronavirus pandemic hit passenger numbers.