Rolls-Royce slashes dividend payment
Rolls-Royce, the Derby-headquartered manufacturing giant, has cut its dividend payment to shareholders in half after posting a fall in profits.
Shareholders will now only receive 7.1 pence per share after profits at the company fell from £1.62bn to £1.43bn in 2015. It will also halve again dividend payments in 2016. However, Rolls-Royce says its trading outlook for 2016 is unchanged.
In November Rolls-Royce set out on a restructuring process, and says it will save £145m by the end of 2017. In its 2015 results released today (12th... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
