Savills is withdrawing payment of both final and interim dividends, totalling 27.05p per ordinary share.
The board has said it will consider an “enhanced interim dividend” to replace these. It will make a decision on this at its annual general meeting, which has been moved to 25 June.
The agent said it is looking to retain sufficient cash reserves to mitigate market uncertainty caused by coronavirus. However, it reiterated that it has a “strong” balance sheet.
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