Consolidator and advice firm AFH has reduced its previously proposed second interim dividend of five pence per share to three pence per share amid the coronavirus pandemic.
In its interim results for the six months ending 30 April 2020, published on Monday (1 June), AFH said that, while the group was "resilient", it was not immune to uncertainty as a result of Covid-19 and its impact on the firm and its clients going forward. As a result, it decided to cut the second interim dividend by two pence per share. The group said it will consider paying an additional two pence per share as a third interim dividend at such as time when "the financial and economic effects of Covid-19 become clearer", adding the move means the firm is able to protect clients and a han...
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