Gimv: to propose stable, optional dividend
(CercleFinance.com) - Belgian investment group Gimv on Wednesday said that it plans to propose a stable gross dividend of 2.
5 euros per share to its shareholders at a general meeting scheduled for 24 June.
However, payment will take the form of an optional dividend, providing the company with extra financing capacity for its future investments, it said.
An optional dividend means that shareholders have the choice to receive the dividend in cash or shares.
In its latest trading update, Gimv said that the turbulent markets due to the Covid-19 pandemic have had a "very negative impact" on its portfolio in the fourth quarter of its financial year (ended 31 March).
At the end of March, Gimv said its liquidity position stood at around 370 million euros, with an additional 200 million euros of undrawn credit lines.
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