CONSTRAINED GROWTH
Woolworths cuts interim dividend for third year
20 February 2020 - 08:10
Woolworths has cut its interim dividend for the third consecutive year as earnings fell by double digits in the 26 weeks to end-December with low economic growth, poor clothing sales and power outages weighing on its bottom line.
The news sent shares in SA’s second-largest general retailer by market capitalisation down the most in nearly three months, closing 4.42% lower at R42.40 on Thursday...
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