About: http://data.cimple.eu/news-article/5fde3f52350346af92716b2f06e728bf5630449a5f618e1a4f603631     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • France stepped up Monday its calls for firms using state aid to keep afloat during the coronavirus crisis to not pay out dividends to shareholders this year. "I call on all companies who are putting staff on partial unemployment, that is having their wages paid by the state, to show the greatest restraint possible in terms of paying dividends," Finance Minister Bruno Le Maire said on BFMTV. "Even better to set an example and not pay dividends," he added. "We also won't tolerate companies buying back shares... share buybacks are not compatible with support from the state treasury," said Le Maire. Companies that make a profit usually return part of that to their shareholders in the form of a dividend. A firm buying back its shares is another way of returning profits to shareholders. Le Maire had already last Friday said companies which take out a state-backed loan or delay tax payments to help them survive the coronavirus crisis would be barred from paying dividends this year. Partial unemployment is looking to be another important mechanism to support firms as in effect the state will be paying 70 percent of wages for hours that employees are furloughed. French companies have already asked to place 2.2 million workers on temporary leave, according to figures released at the weekend. A number of large French companies such as aircraft manufacturer Airbus and supermarket chain Auchan have already said they will not pay dividends this year. In addition to coercion, firms have an important economic incentive to not pay dividends -- it allows them to hold onto cash in case financing becomes difficult or expensive to obtain. jug/rl/bmm
schema:headline
  • France urges companies to not pay dividends
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software