Finance

Hammerson set to slash 2020 dividend as NAV plunges

By 2020-02-25T07:54:00

Bullring, Birmingham

Hammerson shareholders are set to suffer a sharp dividend cut this year, as the retail landlord revealed it is to rebase the payout “to a sustainable level”.

The group, which owns assets including the Bullring in Birmingham, is expecting the full year dividend for the current year to almost half, from 25.9p last year to 14p in 2020.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue