The real estate consultancy firm Savills, known in Spain as Savills Aguirre Newman following its merger with the Spanish company, has announced that it is suspending the payment of its planned dividend. The firm had intended to pay its shareholders 27.05 pence per share.
The company has made this decision in anticipation of the impact that the Covid-19 coronavirus could have on real estate activity globally over the coming months, according to Savills. The current objective is to preserve cash for the period of uncertainty that lies ahead.
