Sweden's Essity to reinstate dividend after pandemic pause
Sweden's Essity to reinstate dividend after pandemic pause
The payout matches the initial level put forward for 2019, a proposal the company's board withdrew this spring due to the uncertainty stemming from the new coronavirus pandemic.
"Essity has remained strong with a continued healthy cash flow in 2020," the company said. "The company has a strong balance sheet and financial flexibility."
Essity, which rivals Procter & Gamble and Kimberly-Clark , said the dividend proposal would be addressed at an extraordinary shareholder's meeting on Oct. 28.
(Reporting by Johannes Hellstrom; Editing by Hugh Lawson)
((johannes.hellstrom@thomsonreuters.com; +46850242388; Reuters
Messaging: johannes.hellstrom.reuters.com@reuters.net)
STOCKHOLM, Sept 28 (Reuters) - Swedish hygiene products maker Essity is proposing to reinstate its dividend at 6.25 crowns per share, it said in a statement on Monday.
The payout matches the initial level put forward for 2019, a proposal the company's board withdrew this spring due to the uncertainty stemming from the new coronavirus pandemic.
"Essity has remained strong with a continued healthy cash flow in 2020," the company said. "The company has a strong balance sheet and financial flexibility."
Essity, which rivals Procter & Gamble and Kimberly-Clark , said the dividend proposal would be addressed at an extraordinary shareholder's meeting on Oct. 28.
(Reporting by Johannes Hellstrom; Editing by Hugh Lawson)
((johannes.hellstrom@thomsonreuters.com; +46850242388; Reuters
Messaging: johannes.hellstrom.reuters.com@reuters.net)
路透斯德哥爾摩9月28日電-瑞典衞生產品製造商Esthy週一在一份聲明中表示,該公司提議恢復每股6.25克朗的股息.這一派息與2019年提出的初始水平持平,由於新的冠狀病毒大流行帶來的不確定性,該公司董事會今年春天撤回了這一提議。該公司表示:“Esthy在2020年保持強勁,現金流持續健康。”“該公司擁有強大的資產負債表和財務靈活性.”其競爭對手寶潔(Procter&Gamble)和金佰利(Kimberly-Clark)的Esthy表示,股息提議將在10月28日的特別股東大會上得到解決。(Johannes Hellstrom報道;Hugh Lawson編輯)(johannes.hellstrom@thomsonreurs.com;+46850242388;路透社消息:johannes.hellstrom.reurs.com@reurs.net)
譯文內容由第三人軟體翻譯。
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