23rd Apr 2020 10:59
(Alliance News) - Coatings services firm Bodycote PLC on Thursday said it will defer its final dividend, due to the Covid-19 pandemic.
Back in March, Bodycote said it would pay a final dividend of 14.0 pence per share, up 5.3% from the 13.3p declared the prior year.
However, it said that uncertainty caused by the outbreak has resulted in it keeping the proposal for that final dividend under review.
Bodycote had already paid an interim dividend of 6.0p, up 5.3% from 5.7p a year before.
Bodycote added on Thursday: "The board recognises the importance of the dividend to shareholders and whilst it remains its intention to pay a further dividend relating to 2019, the timing of any payment will be contingent on prevailing trading conditions over the coming months, together with the global economic outlook beyond this period."
Shares in the company were 0.7% lower at 558.30p each in London on Thursday morning.
By Eric Cunha; [email protected]
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