Coronavirus impact: 20 March - watch the dividends
It's the last day of school for most pupils around the UK at the end of an extraordinary week. The coronavirus situation has accelerated breathtakingly quickly in the last five days. Businesses are facing unprecedented difficultly as everyone is forced to stay at home for the foreseeable future. That is not good news for the country's dividend payers who rely on regular cash flows to keep returning money to their shareholders. In today's rolling update we'll be assessing the companies most at risk of a dividend cut as well as any other major updates.
Getting it Right(move)In light of the challenges facing the property market, Rightmove (LON: RMV) has announced a 75% invoice discount for agency, new homes and commercial customers for the next four months. The company said that the strength of its balance sheet has given it the confidence that it is well placed to assist its customers who have faced a sudden drop in housing transactions. Rightmove should come through the challenges caused by the coronavirus outbreak relatively unscathed. It has a solid balance sheet, low operating costs and extraordinarily high profitability. Its generous offer to customers puts it in a very good…