Cineworld halts dividend and says will 'monitor progress' of its buyout of Cineplex

Cineworld Group /zigman2/quotes/206525056/delayed UK:CINE -0.99% said it was suspending payment of the 2019 fourth quarter dividend of 4.25c per share and upcoming 2020 quarterly dividends as all 787 cinemas in 10 countries have been closed. It also said it's going to "monitor progress" of its proposed buyout of Cineplex /zigman2/quotes/201832697/delayed CA:CGX +3.12% and said will access emergency support programs to protect jobs and business that have been announced "as appropriate." Cineworld said it's in discussions with its landlords, the film studios and major suppliers and discussing its ongoing liquidity requirement with its revolving credit facility banks.

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Add to watchlist UK:CINE

Cineworld Group PLC

UK : U.K.: London

34.90 p

-0.35 -0.99%

Volume: 32.18M

Aug. 7, 2020 4:35p

P/E Ratio

3.40

Dividend Yield

0.00%

Market Cap

£479.11 million

Rev. per Employee

N/A

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Add to watchlist CA:CGX

Cineplex Inc.

CA : Canada: Toronto

$ 7.93

+0.24 +3.12%

Volume: 604,042

Aug. 7, 2020 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$502.23 million

Rev. per Employee

$124,217