MALMO, Sweden—Hexpol A.B.'s board of directors has proposed postponing a decision on the dividend for fiscal year 2019, due to the uncertainties caused by COVID-19 pandemic.
The board aims to fulfill the previously communicated dividend proposal of 23 cents per share at a special general meeting in autumn, the Swedish rubber group said on April 3.
Taking into account Hexpol's "strong balance sheet," the board said the level of the dividend would not risk Hexpol's operations or opportunities for expansion despite the challenging circumstances.
Hexpol said its annual general meeting will be held as planned on April 28, while precautionary measures will be taken COVID-19 spread.