Micro Focus scraps dividend amidst coronavirus fears

Micro Focus scraps dividend amidst coronavirus fears

Micro Focus International plc has announced that it no longer intends to propose a final dividend at its forthcoming AGM on 25 March due to ‘increased macro uncertainty, which has been uniquely impacted by the global spread of COVID-19’.  Prior to the announcement shareholders were expected to receive a final dividend of 58.33 cents per share, subject to approval at the AGM.

Although there has been no material imp

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