Earlier this year, the company announced that it would be withholding this year’s previously announced 12.6p dividend. But according to a report in the UK’s The Times newspaper, Bulmer now says it is unlikely to pay out any dividends until its renegotiated loan facilities expire in November 2003.
UK: Bulmer says no dividend next year
The troubled UK cider producer, HP Bulmer, confirmed at its Annual General Meeting yesterday that it would not be paying any dividends to shareholders next year.