The Board has finally decided to suspend its final dividend for 2019/20 and all dividends for 2020/21. This move is structural and not really linked to the Covid19 crisis in that it is to invest in FTTP and 5G, and to fund a major new 5-year modernisation programme. These announcements are a first buy signal although the recovery will take time and the group must now stabilize its revenues which will not be easy given the Covid19 pandemic context.
07 May 2020
A dividend cut to invest in fibre and a new modernisation programme
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A dividend cut to invest in fibre and a new modernisation programme
BT Group plc (BT.A:LON) | 109 0 0.0% | Mkt Cap: 10,872m
- Published:
07 May 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
The Board has finally decided to suspend its final dividend for 2019/20 and all dividends for 2020/21. This move is structural and not really linked to the Covid19 crisis in that it is to invest in FTTP and 5G, and to fund a major new 5-year modernisation programme. These announcements are a first buy signal although the recovery will take time and the group must now stabilize its revenues which will not be easy given the Covid19 pandemic context.