PPRuNe Forums - View Single Post - Shock horror - the boss is taking a pay freeze
Old 10th Mar 2020, 02:19
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Foxxster
 
Join Date: Mar 2014
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The dividend for this next reporting period will no doubt be reduced in line with the expected reduction in profit. As for shareholders voicing their opinions, there are strict rules around calling meetings etc or putting resolutions to management. And anyway ultimately it is a management decision about how much to pay out. That is what they get the big bucks for. Having said that, any company is loathed to reduce dividends as it sends a bad signal to the shareholders and the market in general about the ongoing profit levels of the company. But I would fully expect a reduction in Qantas dividend as well as a number of other companies for the next reporting period. Read companies like Woodside etc.
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