Tourism Holdings cancels dividend, cuts executive pay

Fri, 20 Mar 2020

Tourism Holdings has cancelled its first-half dividend, slashed director and executive pay and will make its campervans available for emergency accommodation.The company said it won't pay the 10 cents per share divided due to be paid in May because of the increasing uncertainty caused by the worsening coronavirus crisis.The move will save the company $14.8 million.The board considers the cancellation "is in the best interests of THL as we face an unprecedented level of uncertainty across our businesses globally," chair Rob Campbell said i...

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