Cineworld, World’s Second Largest Exhibition Business, Suspends Dividends

Cineworld, the world’s second largest movie theater business, has decided to suspend payments of  dividends to its stockholders. The freeze on payments applies to the 2019 fourth quarter dividend of 4.25c per share and upcoming 2020 quarterly dividends.

In addition, the executive directors have “voluntarily agreed to defer payment of their full salaries and any bonuses to which they are entitled,” according to a company statement.

 » ….