Tuesday 7 April 2020

Cineworld to Suspend Dividend Payments, Execs to Defer Salary Amid Coronavirus



Courtesy of Cineworld



The company's board has decided to suspend the payment of the 2019 fourth-quarter dividend of 4.25c per share and upcoming 2020 quarterly dividends.

Cineworld says it will suspend dividend payments and top executives have "voluntarily" agreed to defer salary and bonus payments amid the coronavirus pandemic.
The London-headquartered company, the world's second biggest cinema chain, has closed all of 787 sites in 10 countries as the world grapples with limiting the spread of COVID-19.
Cineworld's board have decided to suspend payment of the 2019 fourth quarter dividend of 4.25c per share and upcoming 2020 quarterly dividends and the company's executive directors have........

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