Capital & Regional shares fall on dividend cut

Stock market generic

Shares in Capital & Regional plummeted 11.6% on Thursday to 28.2p after reporting a cut in its dividend to 0.60p per share, down from 1.91p at the same time last year.

The retail company said its net rental income (NRI) remained flat last year – rising 0.6% to £51.9m - despite 20 company voluntary arrangements wiping £1.5m from NRI over the portfolio.

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