Deferral of Interim Dividend Payment
IDP Education Limited (ASX: IEL) (IDP) today announced it will defer the payment of its interim
dividend announced on 25 February 2020.
The dividend was scheduled to be paid on 27 March 2020. It is the present intention of the Board
to pay the interim dividend on 24 September 2020.
Andrew Barkla, IDP Chief Executive Officer and Managing Director, said the decision to defer
the payment was a prudent capital management measure in the current environment.
“While we believe the longer-term drivers of international education remain in place, the current
uncertainty in global markets due to COVID-19 has prompted us to take this action” Mr Barkla
Shares in IDP have been placed in a trading halt pending the release of an announcement by
IDP regarding the impacts of COVID-19 on IDP's business and IDP's response to those impacts
courtesy of Bell Direct
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