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March 31, 2020

Rothschild & Co. suspend dividend during coronavirus pandemic

By Asena Degirmenci

Rothschild & Co. has implemented its business continuity plans for all of its activities amid the worsening coronavirus situation.

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Since the announcement of their annual results on 10 March, the impact of the virus has resulted in further declines in financial markets and increased volatility.

The company benefits from from a strong balance sheet with a capital ratio of 19% and a high level of liquidity. They believe that there will be a strong improvement in performance once markets start to return to a more normal state.

On 27 March 2020, the European Central Bank (ECB) recommends that dividend payments and commitments by credit and similar institutions within the European Union be stopped until 1 October 2020. The managing partner has decided that no proposal for approving a dividend in respect of the financial year ending on 31 December 2019 will be made at the Annual General Meeting of shareholders on 14 May 2020.

The managing partner has intended to pay the previously announced dividend of €0.85 per share when appropriate.

Details of the Annual General Meeting will be announced later on.

Rothschild & Co. has a team of over 3,500 individuals in financial services spanning over 40 countries. Their services provide market intelligence and long-term solutions for clients in global advisory, wealth and asset management, and merchant banking.

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Navigate your business through the ‘new normal’

COVID-19 continues to dominate headlines the world over. It has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities.  Faced with an explosion of conflicting information on how to plan and implement successful recovery strategies, decision-makers are in dire need of a single, reliable source of intelligence.   GlobalData’s COVID-19 Executive Briefing gives you access to unparalleled data and insights to successfully navigate the uncertain road to recovery across the world’s largest industries. Understand every aspect of this disruptive theme by delving into: 
  •  COVID-19 infection update, with statistics on the spread, testing by country, as well as the latest data on vaccines and therapeutic developments 
  • Economic impact overview, covering stock market indices, GDP, unemployment rates, policy responses & GlobalData’s economic recovery scorecards 
  • Sector developments, with access to sector insight summaries, cross-sector indices and the leaders and laggards in each industry vertical 
Whatever your company’s imminent strategic plans, the long-lasting impact of COVID-19 must not be overlooked. Find out how to futureproof your business operations – download our report today. 
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