AB InBev slashes dividend by half as alcohol ban hits
JOHANNESBURG – Anheuser
-Busch InBev (AB InBev) is slashing its dividend by half to save R18 billion as Covid-19 shuts bars and curbs beer drinking.
-Busch InBev (AB InBev) is slashing its dividend by half to save R18 billion as Covid-19 shuts bars and curbs beer drinking.
The JSE and New York-listed brewery giant announced today that it was revising its final dividend for 2019 to 50 cents per share from an original proposal of €1 (Euro) due to the coronavirus. The company also announced it was rescheduling its ordinary and extraordinary shareholders’ meeting to June 3 from April 29.
InBev whose global brands, Budweiser, Stella Artois, and Corona in February warned that the coronavirus in China had hit its sales in the first two months, despite the increase in global volume growth on premiumisation and management initiatives.
Source: iol.co.za
