Jean Madar, Chairman and CEO of Inter Parfums, Inc. noted, “Our conservative financial tradition has enabled us to amass hefty cash balances and nominal long-term debt. We entered 2020 with $253 million in cash, cash equivalents and short-term investments, and only $10.7 million of long-term debt. Nonetheless, we will tighten our belts when appropriate, with an eye toward minimizing fixed expenses and protecting cash flow. However, our quarterly dividend of $0.33 will be paid on time on April 15, 2020.”
Mr. Madar also noted, “We entered the second quarter with over $200 million of net cash and $47 million in untapped credit facilities, but due to lack of visibility at this time, our Board of Directors has authorized a temporary suspension of our quarterly cash dividend. Philippe Benacin and I, the co-founders of Inter Parfums, Inc. and owners of approximately 45% of the outstanding shares, fully support the Board’s decision to preserve cash to assure our readiness when retail markets reopen. We will revisit this issue with an eye towards reinstitution of the dividend when the business environment is more favorable.”
Por otro lado el indice de aristocratas del dividendo lo esta haciendo mucho peor que el mercado por culpa de Exxon y Chevron.
The S&P 500 dividend aristocrats index, which tracks companies that have increased dividends annually for the past 25 years and includes Exxon and Chevron, has fallen about 19% so far in 2020 as of Thursday, greater than the 12.9% drop over that time for the S&P 500 total return index.
Y la ultima curiosidad. Se puede ver con claridad la mayor crisis y la mayor burbuja.
Serás…cab^&* Este Tino soy yo??? Que gracia… Pero te aseguro que por aquí hay mucha gente con lo mismo o más! Lo que pasa es que no lo dicen!
Habéis hecho una encuesta para que aunque sea anónimamente la gente ponga su patrimonio? Porque los que tenéis 2 o 3 viviendas alquiladas… Seguro, seguro que ya tenéis mas patrimonio!
