Finbond denies investors a dividend on Covid-19 concerns
Finbond expects the economic fallout from the virus to weigh on its 2021 financial performance
29 May 2020 - 13:53
Specialist lending company Finbond has joined a number of listed companies in scrapping its dividend payment for its 2020 financial year adding that it will freeze salary increases as it navigates the effect of the coronavirus.
The lender, which plays in the unsecured lending credit landscape in SA and North America, reported its full-year results to end-February on Friday, sending shares in the company to trade 1.88% lower. ..
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