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Tag: dividend

Procter & Gamble stock rises as company raises dividend

Detail view of rolls of Charmin toilet paper in a domestic home, San Ramon, California, March 25, 2020. Smith Collection | Gado | Getty Images Shares of Procter & Gamble rose 2% in extended trading Tuesday after the company raised its dividend and moved up its earnings report. The consumer products giant is raising its quarterly dividend …

Procter & Gamble stock rises as company raises dividendRead More

Rishi Sunak should take share of blame for Tesco dividend anger | Nils Pratley | Business

Outrage about Tesco’s dividend should also be directed at Rishi Sunak. Why on earth did the chancellor include supermarkets, whose stores remain open and popular, in his business rates holiday? There was no need to do so. The result is a fine mess that the Tesco chief executive, Dave Lewis, made worse with a disingenuous …

Rishi Sunak should take share of blame for Tesco dividend anger | Nils Pratley | BusinessRead More

Tesco defends £635m dividend payout after coronavirus tax break | Business

Tesco has defended its decision to pay a £635m dividend while accepting a similar-sized tax break from the government’s emergency coronavirus support package. The Labour peer Andrew Adonis tweeted that it was “absolutely wrong” for Tesco to accept the business rates holiday worth £585m and said the retailer should “pay it back” if it could …

Tesco defends £635m dividend payout after coronavirus tax break | BusinessRead More

Nordstrom suspends dividend, taps credit in midst of coronavirus

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday it is suspending its dividend, halting share buybacks and has drawn down $800 million on its revolving credit facility, in the midst of the coronavirus …

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Macy’s withdraws earnings outlook, suspends dividend amid coronavirus

Macy’s store in New York City. SOPA Images | LightRocket | Getty Images Macy’s said Friday that it has fully drawn its $1.5 billion revolving credit facility, in the midst of the coronavirus pandemic. The department store chain said it did so as a “proactive measure.”  Macy’s has also withdrawn its 2020 sales and earnings outlook, …

Macy’s withdraws earnings outlook, suspends dividend amid coronavirusRead More

UK firms scrap dividend payouts to protect against disruption | Business

UK-listed businesses are scrapping plans to pay dividends in a bid to protect their balance sheets against months of disruption, hitting private investors who rely on the payouts for an income as well as pension funds. Retailers, leisure groups and house builders have all cancelled plans for payouts to shareholders since last week in response …

UK firms scrap dividend payouts to protect against disruption | BusinessRead More

Special dividend for shareholders is always on the table

Charging low prices, moving large amounts of volume and paying high wages are all components in Costco‘s secret sauce to return value to shareholders, CEO Craig Jelinek told CNBC in an interview that aired Tuesday. The stock has risen almost 110 points within the past year. An Oppenheimer analyst upgraded the stock earlier that day, …

Special dividend for shareholders is always on the tableRead More

Beckhams in £38m dividend payout despite profits plunge | Fashion

David and Victoria Beckham’s business empire has paid out £38m to its owners despite a near 90% fall in profits prompted by difficulties at the former Spice Girl’s fashion label. The former England footballer, the fashion entrepreneur and their business partner Simon Fuller paid themselves dividends of $21.5m (£16.7m) and £10.3m in May this year, …

Beckhams in £38m dividend payout despite profits plunge | FashionRead More