Woolworths scraps final dividend as Covid-19 hits non-food sales
17 September 2020 - 08:04
Fashion and food retailer Woolworths says it will reconsider dividend payments when conditions allow, holding on to its final dividend for its year to end-June after Covid-19 hit non-food sales.
The coronavirus caused significant disruption to trade by closing stores and reducing footfall, the group said on Thursday, adding it has embarked on promotional initiatives to clear inventory...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.