Bloomberg News

Thomas Cook Won’t Pay Further Dividends on Balance Sheet Moves

September 29, 2011

Sept. 29 (Bloomberg) -- Thomas Cook Group Plc won’t pay dividends while working to rebuild its balance sheet, the U.K. tour operator said today in a statement.

The company will pay its previously declared dividend of 3.75 pence a share due on Oct. 7, the company said. Cash flow has been “strong” in the fiscal year ending this month, and underlying profit is “in line” with analyst estimates, it said.

To contact the editor responsible for this story: Tom Lavell at tlavell@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus