Coronavirus impact: 27 March - a dividend is paid, for once
Company results are largely ignored as ‘Covid-19’ updates dominate the headlines and where availability of cash is the greatest concern. We thinks it's essential not to lose sight of normality.
Mattioli Woods: big gestures from management and the dividend is paidWealth manager and employee benefits specialist Mattioli Woods (LON: MTW) has taken the unusual step (in the current environment) of committing to the payment of its dividend and 7.3 pence per share was paid today at a cost of approx. £2m. To help safeguard cash Chief Executive and co-founder Ian Mattioli is reducing his basic salary to zero and all other Board directors have agreed to reduce their basic salary or fees by 50% until 30 June 2020. Profit outlook for the year ending 31 May 2020 miraculously remains in line…