Tesco able to pay UK dividend as sales soar due to Covid-19
But, Tesco says costs are rising and uncertainty about how long the UK lockdown will continue means it can’t provide financial guidance on profit
08 April 2020 - 16:16
London — Tesco maintained its plan to pay out a full-year dividend and a £5bn special payout as the UK grocer’s sales soar amid the coronavirus pandemic, even as other companies abandon such payouts.
Tesco is in a financially strong position to pay dividends, CEO Dave Lewis said in a rare bit of corporate good news. Thousands of savers and pensioners, who hold fewer than 1,000 shares each, rely on the payouts to supplement their incomes, he said...
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