The owner of the Daily Mail and Mail on Sunday is raising dividends for investors but reports earnings are falling
The owner of the Daily Mail and Mail on Sunday raised the dividend for investors but reported a drop in earnings.
To keep shareholders strong, Daily Mail & General Trust announced that its payout for the year ended September 30th would increase 1 percent to 24.1p.
Increase: Daily Mail & General Trust announced that its payout would increase 1 percent to 24.1p for the year ended September 30
Many other companies suspended dividends during the coronavirus crisis.
However, DMGT also said the Covid-19 disruption caused annual sales to drop from £ 1.4bn to £ 1.2bn and profits to drop from £ 145m to £ 72m.
Paul Zwillenberg, CEO, said: “I am satisfied with the performance of DMGT in an extremely challenging environment.”