Sabvest cuts dividend for first time in 20 years amid uncertainty
Cash conservation is also aimed at facilitating a share-buyback programme to close a discount between underlying assets value and share price
25 March 2021 - 10:36
Sabvest Capital has reduced its dividend payout for the first time in 20 years, with the investment company choosing to err on the side caution amid the looming threat of a third wave of Covid-19 infections.
A final dividend of 15c per share was declared, bringing the total to 25c — down from the 75c dividend declared a year ago...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.