Transaction Capital holds on to dividend as Covid-19 takes its toll
The taxi financier says it is taking a ‘conservative’ approach to the effects of the pandemic, but is hopeful there will be rebound in its operations
13 May 2020 - 08:44
Taxi financier Transaction Capital has opted not to pay an interim dividend and has written down its businesses by about R190m as it braces for the effect from Covid-19.
The group had paid an interim dividend of 27c per share previously, and has about 613-million shares in issue, with the group also saying it was being cautious in how it sees Covid-19 affecting its future cash flows...
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