Investor AB opts not to pay a second dividend this year

Investor AB

13/11/2020 07:34

STOCKHOLM, Nov 13 (Reuters) - Sweden's Investor AB
 INVEb.ST  will not propose a second dividend this year, it said
in a statement on Friday.
     The investment firm, owner of stakes in companies such as
Ericsson  ERICb.ST , Atlas Copco  ATCOa.ST  and ABB  ABBN.S ,   
 paid a dividend of 9 crowns per share earlier this year, and
had said it would consider a potential second instalment at a
later stage.  urn:newsml:reuters.com:*:nL8N2CN5II 
    "The Board has now reviewed the potential for a second
dividend following the dividend decisions in the portfolio
companies," Investor said in a statement on Friday. 
    "Taking these into consideration, as well as the increased
spread of COVID-19 in many regions, the Board has decided not to
propose a second dividend and will thus not call for an Extra
General Meeting in 2020".
    Investor said it maintained its dividend policy, with an
ambition to pay a steadily rising dividend.
    

 (Reporting by Johannes Hellstrom; Editing by Simon Johnson)
 ((johannes.hellstrom@thomsonreuters.com; +46850242388; Reuters
Messaging: johannes.hellstrom.reuters.com@reuters.net))