Cap.®. Share Price (CAL)

Just Came across this company and that's good news about their Dividend, I've been looking for smaller companies looking after their holders. I think I'll take them up.

From RNS 24th March 2020

Within its Year End Results announcement on 5 March 2020 the Company proposed a final dividend for the year ending 30 December 2019 of 11 pence per share (the "Dividend").

The Company is maintaining the Dividend but, in light of the evolving impact of the COVID-19 pandemic, is proposing to initiate a scrip dividend alternative, subject to shareholder approval at the Company's Annual General Meeting scheduled for 20 May 2020.

The Company's Directors and its three largest shareholders, Growthpoint Properties Limited, Mstead Limited and PDI Investment Holdings Limited, who together represent approximately 60.6% of the Company's Issued Share Capital, have all confirmed that they will take up the scrip option for the entirety of their holdings. In addition, a further three of the Company's largest shareholders have also indicated that they will take up the scrip option, which would increase the total take-up to at least 65%.

The Board believe this approach to be the most beneficial course of action to take in the current circumstances, noting that it:

-- Results in the majority of the proposed GBP11.4 million total dividend payment being preserved in cash within the business;

-- Demonstrates the support of the Company's largest shareholders;
-- Maintains compliance with the Company's REIT requirements; and
-- Provides other shareholders with flexibility to take cash or the scrip alternative.

Read the last RNS on 31st March 2020 'As at close of business on 25 March 2020 the Group had total cash on balance sheet of over GBP90 million, which is equivalent to more than one year's gross revenue'.

CAL Getting it's just rewards now.......wrong sector, wrong business model. Wrong CEO. Wrong to take on the people of Luton. Kiss of death. We warned you. You took on a fight you could never win, big eye off the ball, big deflection, big mistake. CAL drowning in debt, no chance of easing the lock down in time to save this pile of carp.

Hunter when he had his Scottish hat on was a counter -cyclical buyer in the 90s ,retail very much at the top of his shopping list managing to pick up prime high street at 10% when it was on the floor . I guess he wouldn't want to see that appear again