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RMS Hermes International

2,285.00
45.00 (2.01%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hermes International EU:RMS Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  45.00 2.01% 2,285.00 2,280.00 2,300.00 2,303.00 2,251.00 2,260.00 45,855 16:40:00

Hermes Cuts Dividends, Pledges to Keep Salary Levels

31/03/2020 7:01am

Dow Jones News


Hermes (EU:RMS)
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   By Pietro Lombardi 
 

Hermes International SCA cut its dividends and said it would maintain the basic salary of its 15,500 employees world-wide without additional support provided by governments.

The French luxury-goods company said Monday that it wants to cut dividend to 4.55 euros a share ($5.03) from EUR5, thus keeping the dividend flat compared with last year.

The pay of its executive chairmen will also remain at last year's level.

The company will donate EUR20 million to public hospitals in the Paris region, which comes on top of other support offered amid the coronavirus pandemic, it said.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

March 31, 2020 01:46 ET (05:46 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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