RE: TRULY PATHETIC2 Apr 2020 10:29
https://www.woodplc.com/investors/financial-and-regulatory-news/2020/actions-taken-in-response-to-covid-19,-withdrawal-of-final-dividend-recommendation-and-postponement-of-agm
Was not unexpected, but still a body blow for those you manage their share dividends as an additional income. There’s always hope of a special dividend later in the year for those of us who hang on, but the 10% remuneration reduction will not add any significant funds to the Wood Group bank balance so it just a throw-away statement to sweeten the dividend removal.