11 Feb 2021
Official and clear dividend holiday until June 2023
Q4 20 Gross Rental Income was down 46% if we have calculated it right vs. -16% in Q3 20. The full dividend cut will save the full free cash flow of €3bn. Coupled with strong disposals to come in the US, even if at very low prices, capitalising the free cash flow will help to pass the trough. Nice news, from a fundamental point of view.
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Official and clear dividend holiday until June 2023
- Published:
11 Feb 2021 -
Author:
Christian Auzanneau -
Pages:
4
Q4 20 Gross Rental Income was down 46% if we have calculated it right vs. -16% in Q3 20. The full dividend cut will save the full free cash flow of €3bn. Coupled with strong disposals to come in the US, even if at very low prices, capitalising the free cash flow will help to pass the trough. Nice news, from a fundamental point of view.