Tradehold cuts dividend amid worry about Covid-19 effects
Tradehold said it could declare an interim dividend depending on the results for the half year to end-August
21 May 2020 - 14:05
Tradehold, which has property investments in SA and the UK said on Thursday that it had reduced its dividend as the company looks to preserve cash amid the uncertainty of Covid-19.
The company, which holds a 74% stake in SA-based Collins Group, declared a dividend of 30c per share for the year ended February 29, from 55c previously. The board had initially anticipated a dividend of 60c. Tradehold said it could, for the first time, declare an interim dividend depending on the results for the half year to end-August 2020...
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