Freightways scraps final dividend due to ongoing uncertainty

Mon, 24 Aug 2020

Freightways won’t pay a final dividend after its net profit fell 25 percent and amid ongoing uncertainty about the economic impact of covid-19. "The board feels the prudent course of action is to not declare a final dividend for FY20 given the uncertainty in both the New Zealand and Australian markets,” it said. It said the move is a “one-off” decision. “At this point, we do envisage a resumption of dividends in the current financial year, subject to a continuation of our current trading conditions,” it said. However, while recent...

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