G8 Education (ASX:GEM) postpones dividend until October
G8 Education (ASX:GEM) has postponed the payment of its fully franked final dividend until the end of October.
The company was due to pay a fully franked dividend of 6 cents per share dividend on 6th April.
As a result of the rapidly evolving environment in relation to COVID-19, the Board has decided to postpone the payment date of that dividend until 30 October 2020.
The Group currently has $135 million in cash and available facilities and maintains covenant headroom.
Shares in G8 Education (ASX:GEM) are trading 17.9 per cent higher at 83 cents.
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Source: Finance News Network
