Pick n Pay defers dividend over pandemic
Grocery chain would have paid 173.06c a share for its 52 weeks ending March 1
12 May 2020 - 20:55
Retailer Pick n Pay is holding onto about R850m in cash by not paying a final dividend, because of the “economic upheaval” in the wake of the Covid-19 pandemic.
The share price dropped almost 15% to close at R50.58c..