30th Jul 2020 16:20
Severfield PLC - North Yorkshire-based structural steel in UK and India - Proposes 1.8 pence final dividend for financial year that ended March 31 to be voted on at annual general meeting called for September 3. When announcing annual results back in June, Severfield said it had decided against paying a final dividend but says Thursday that strong balance sheet and cash position means it now can do so. Annual payout to be 2.9p, up 3.6% from 2.8p. "The group's strong financial position also means that, whilst we furloughed some of our workforce in the first quarter of the 2021 financial year, almost all of whom have since returned to work, we will not be claiming for support under any employee-related government support packages including the Coronavirus Job Retention Scheme," Severfield says.
Current stock price: 59.80p
Year-to-date change: down 29%
By Tom Waite; [email protected]
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