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Rightmove pulls dividend, guidance on Covid-19 worries

By Frank Prenesti

Date: Friday 27 Mar 2020

(Sharecast News) - Online real estate agent Rightmove cancelled its dividend and pulled full year guidance as due to uncertainties caused by the impact of Covid-19.
Rightmove had planned to pay a final dividend payment of 4.4p per share (?38.3m in total) for the year to December 31.

"The board recognises the importance of the dividend to our shareholders and will consider the timing of the reinstatement of the share buyback programme and the quantum of any interim dividend for 2020 in due course," the company said, adding that it was confident it had capacity to withstand the coronavirus's impact.


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