Originally Posted by
winner69
NZSA sort of hinting HLG should repay wage subsidies or not pay recent dividends?
They say that “Directors are obligated to act in the best interests of the company.” and the wage subsidy provided short-term financial stability.
But then they make the comment “For a consumer-focused company like Hallenstein Glassons, reputation risk may also be a longer-term ‘best interests’ consideration for the Board. In that context, we note the company paid an interim dividend of 15 cents per share in September 2020 and will pay a final dividend of 24 cents per share in December 2020 (totalling $26 million for both payments).
Hmm