Business
Packer will be parched as Crown’s dividend drought likely to drag on – Sydney Morning Herald
James Packer’s 37 per cent stake in Crown is his largest investment and the dividend it yields is his major source of income.
Crown did pay a dividend in the previous six months in the period to December 2019. While Crown had made healthy profits during this pre-COVID period, the actual dividend was paid in April 2020 – at a time when the first wave of the pandemic was decimating its cash flow and its Melbourne facility was mostly closed.
Other companies took a different approach and cancelled their payments to shareholders.
In theory at least this will be the first result under the new Crown regime – one where the board…
-
Noosa News24 hours agoWhat led to the giant, damaging hail which smashed parts of Queensland over the weekend?
-
General17 hours agoMan who shot poodle in Central Coast caravan park robbery sentenced to eight years in prison
-
Noosa News21 hours agoState school teachers plan to strike within three weeks
-
Business20 hours agoMacquarie tips 40%+ upside for this ASX mining stock