Has Centrica Cut Its Dividend?
On 30 July 2019, Centrica Announced That It Was Terminating Its Scrip Dividend Programme (The Programme) with Effect from the 2019 Interim Dividend Payable on...
On 30 July 2019, Centrica announced that it was terminating its Scrip Dividend Programme (the Programme) with effect from the 2019 interim dividend payable on 21 November 2019. As a consequence, shareholders who had elected to join the Programme will now and in future receive their dividends as cash instead of shares.
Is Centrica paying a dividend in 2020?
In 2020, given the prevailing uncertainties, Centrica took the prudent decision to cancel the 2019 final dividend and not to pay interim or final dividends for 2020.
Why is Centrica not paying dividends?
The company booked exceptional charges of almost 1.6 billion pounds which it said were partly due to a large drop in commodity prices and lower output from nuclear plants. Centrica said it would not propose a full-year dividend for 2020 and would “recommence dividends to shareholders when it is prudent to do so”.
Marcus Vance is a cybersecurity auditor and technology writer dedicated to educating the public about online safety, data privacy regulations, enterprise security, and emerging cyber threats.
