Accueil > Actualité
Actualite financiere : Actualite bourse

Continental: cuts dividend by 37% as uncertainty prevails

( - Germany's Continental has cut its proposed dividend for 2019 as it seeks to protect its capital resources and liquidity from ongoing economic uncertainty, the auto parts company said on Wednesday.

Its board slashed the proposed payout to 3 euros per share, equivalent to a total distribution of 600 million euros, from a previous plan of paying 4 euros per share.

The dividend proposal is therefore 37% lower than last year's dividend of 4.75 euros per share, which resulted in a distribution of 950 million euros.

The reduced proposal will be put to a vote by shareholders at its virtual AGM on 14 July, Continental said.

Copyright (c) 2020 All rights reserved.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.