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.

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