Woolworths cuts final dividend by a quarter as CEO moves to Australia
29 August 2019 - 08:03
Woolworths has cut its final dividend to shareholders by a quarter after a write-down against troubled Australian chain David Jones dragged the high-end retailer to another annual loss.
Woolworths recently cut the valuation of David Jones by another A$437.4m (R4.5bn), meaning the department-store chain is now worth less than half of what the company paid for it in 2014...
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