RE: GSK dividend under threat....?31 Jan 2021 13:28
The separation of GlaxoSmithKline Consumer Health was a 3 year plan in 2019, it was hoped it would able to seprate the company Conusmer health in 2021, but a lot will depend on the Financial side, ands if it continues to bring in Revenue, then at this time, why hurry something into a market that is subdued due to the Pandemic.
The Dividend under threat by the Times is the usual BS crap the Times comes out with to suit the City fraudsters in London.
The CEO as delivered on all aspects to date, you can not get every new drug, treatment through, especially when they are not shown to be effective enough to take to commercialization, but the company will retain the rights and patents.
Like RC stated , 80p in based on GSK as a whole at this point.
Seems people like the Times forget how much GSK sold Horlicks for, realizing £3.4 billion .
If the Dividend was cut, then you will see an exit of Pension funds, as these help realize a annuity for pensions 5.85% dividend is a lot,.
Maybe the question should be how BP,cut the dividends instantly, despite sitting on Billion of Profits, that stinks, but that is Oil industry , a Industry that just pollutes the planet and causes disease