Sabvest cuts dividend for first time in 20 years amid uncertainty

Sabvest Capital has reduced its dividend payout for the first time in 20 years, with the investment company choosing to err on the side caution amid the looming threat of a third wave of Covid-19 infections.

A final dividend of 15c per share was declared, bringing the total to 25c — down from the 75c dividend declared a year ago...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

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