Hammerson investors offered shares in place of cash dividend to preserve cash

Bullring, Birmingham

Hammerson has proposed an interim dividend of 0.2p a share and a scrip alternative of 2p a share to meet its obligations as a real estate investment trust (REIT).

The shopping centre operator said the higher scrip dividend, paid in shares, would be the best option for most investors because of the difference in value. It said the scrip payout would help it retain cash during the Covid-19 crisis.

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