Savills pulls dividend payouts

Real estate agent Savills said it was pulling its final and supplemental interim dividends to save cash in response to the coronavirus pandemic.

The company added that the board would consider declaring an enhanced interim dividend as a replacement on or around the revised date of its annual shareholder meeting on June 25.

“It will also be dependent upon the board's then assessment of the likely duration of continued market disruption as a result of Covid-19 and the level of retained cash reserves then deemed prudent,” Savills said on Wednesday.