Mpact delays R73m in dividend payments due to Covid-19
Dividends meant to be paid by the packaging company in April will now be paid in September
24 March 2020 - 12:35
Packaging manufacturer Mpact has delayed dividend payments of almost R73m to shareholders by five months due to uncertainty regarding the economic effects of the coronavirus.
A final gross dividend of 42c per share was meant to be paid on April 6, but will now be paid on September 7 so as to shore up the group’s balance sheet, the group said...
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