ASSA ABLOY: Board Decides on Revised Proposal for Dividend
ASSA ABLOY UNSP/ADR (ASAZY)
NASDAQ:AMEX Investor Relations:
assaabloy.com/en/com/investors
Company Research
Source: PR Newswire
STOCKHOLM, March 30, 2020 /PRNewswire/ -- The Board considers that the ongoing global Covid-19 pandemic involves considerable uncertainty about the future market situation. ASSA ABLOY's financial position is strong and the Group has initiated cost saving measures to counter the uncertain market situation.In the Quarterly Report for the fourth quarter 2019 and in the Annual Report 2019, the Board has communicated its proposal of a dividend of SEK 3.85 per share for the financial year 2019. In light of the uncertainty in the market caused by the Covid-19 pandemic the Board has today, as a precautionary measure, decided to revise its dividend proposal. The Board proposes a first dividend of SEK 2.00 per share to be decided at the Annual General Meeting on April 29, 2020. It is the clear ambition of the Board to propose a second dividend of SEK 1.85 per share later during 2020 when the consequences of the Covid-19 pandemic can be better assessed and given that the financial position of th
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