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.
