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Cineworld to Suspend Dividend Payments, Execs to Defer Salary Amid Coronavirus

covid-19 pandemic crisis Coronavirus
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hollywoodreporter.com:

Regal owner Cineworld said Tuesday it would suspend its dividend payments and that top executives have "voluntarily" agreed to defer salary and bonus payments amid the coronavirus pandemic.

The London-headquartered company, the world's second-biggest cinema chain, has closed all 787 sites in 10 countries as the world grapples with limiting the spread of COVID-19, the respiratory illness caused by the new coronavirus.

Cineworld's board decided to suspend payment of the 2019 fourth-quarter dividend of 4.25 cents per share and upcoming 2020 quarterly dividends, while the company's executive directors are deferring salary and bonus payments.

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