Sandvik's board withdraws dividend proposal due to uncertainty of COVID-19 effects.
NORDIC BUSINESS REPORT-April 8, 2020-Sandvik's board withdraws dividend proposal due to uncertainty of COVID-19 effects
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Sandvik AB (STO:SAND), a high-technology and global engineering group, reported on Tuesday the decision by its board of directors to withdraw the previous dividend proposal and instead propose that the Annual General Meeting on 28 April 2020 resolve that no dividend be paid.
According to Sandvik, it has a solid balance sheet and prompt actions are being implemented to mitigate future financial impact from the COVID-19 pandemic. However, in the view of...
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