Super Retail Group Limited Cancels Dividend Payment

  • Mar 26, 2020
  • Team Kalkine

Super Retail Group Limited (ASX:SUL) business had given a solid performance since the start of the year. However, the Group is unable to provide an estimate for the remaining year due to the impact of coronavirus.

Other highlights are mentioned below:

  • Group’s stores located in Australia are trading as usual with the availability of online services. However, 81 New Zealand stores are closed for next four weeks.
  • SUL cancelled the interim dividend for FY 2020 of 21.5 cents per share thereby, resulting in retained cash of $43 million in the business.

As at week 38 (week ended 21 March), the like-for-like trading update of SUL is mentioned below. 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

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