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 News20 hours agoAll this country music is giving me the honky-tonk blues
-
Business9 hours ago5 things to watch on the ASX 200 on Monday 7 April 2025
-
Business10 hours agoBattle of the ASX ETFs: Why has VGS outperformed VTS this year?
-
Business6 hours ago1 ASX dividend stock down 43% I’d buy right now