Business
Solomon Lew to get $24m in dividends after retail group given $70m in Covid subsidies – The Guardian
Premier Investments qualified for jobkeeper after steep drop in May-June revenue but profit for year surged 30%
Billionaire Solomon Lew will pocket $24.25m in dividends after his retail empire, Premier Investments, received almost $70m in wage subsidies during the coronavirus crisis.
Financial results released on Friday by Premier, which runs retailers including stationery group Smiggle and fashion chain Just Jeans, are likely to reignite the dividendkeeper debate over companies that have taken jobkeeper payments but also paid big dividends to shareholders.
Premiers profit for the year to 25 July surged…
-
Noosa News21 hours agoMajor crash on Gateway Motorway snarls morning commute
-
Business23 hours agoUp 34% this year, can Challenger shares keep rising according to Macquarie?
-
Business19 hours agoThis ASX 200 mining stock is eyeing the lithium throne
-
General23 hours agoLike ‘déjà vu’ all over again?