WBHO withdraws dividend payment due to Covid-19
About R48m in dividends was due to be paid in April, but the company is now seeking to preserve its cash reserves
25 March 2020 - 13:28
Construction group Wilson Bayly Holmes-Ovcon (WBHO) has withdrawn R48m in dividend payments to shareholders to preserve cash reserves amid the coronavirus outbreak.
A dividend of 80c per share was due to be paid on April 20, but the company expects the 21-day lockdown that starts at midnight on Thursday to affect its SA operations...
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