Hays rebases dividend as some markets deteriorate

Recruitment firm Hays has rebased its dividend to what it believes is a more appropriate level, as its home market remains depressed and other markets show signs of deterioration.

Recruitment firm Hays has rebased its dividend to what it believes is a more appropriate level, as its home market remains depressed and other markets show signs of deterioration.

The dividend has been pared, as widely expected by the market, with the company reducing the interim payment to 0.83p from 1.85p the year before. The group intends future dividends to be covered two to three times by earnings.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.