HomeCompaniesAedas Postpon...

Aedas Postpones its Dividend Payment Until May 2021

Aedas Homes has decided to defer the payment of its interim dividend of 0.50 euros - initially planned for November - due to the Covid crisis.

David Martínez Consejero Delegado AEDAS Homes 1 1024x575 1 1

In the end, Aedas Homes, the listed developer created by the investment fund Castlelake, has decided to opt for a temporary delay in its shareholders’ remuneration. The company, which is one of the few real estate companies that has not revised its dividend following the crisis arising from the Covid-19 pandemic, has decided to postpone part of its dividend payment until 2021.

“Given the current economic context resulting from the Covid-19 pandemic, Aedas Homes’s Board of Directors has made the decision to defer the payment of the interim dividend of 0.50 euros – initially expected for November 2020 – in accordance with the capital preservation policy that the company has been implementing since March, as a measure to ensure maximum availability of cash and to safeguard the solvency of the company”, said the property developer led by David Martínez.

Read the full article in Spanish.


Últimas Noticias