Polaris Holding Company Defers Dividend

September 23, 2020 | 0 Comments

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announced the deferral of their dividend payment.

The filing stated, “Please note that, today, the Directors of Polaris Holding Company Ltd., unanimously resolved to defer payment of a proposed dividend to the shareholders of record as at 25 September 2020, payable on 30 September 2020.

“With second quarter outcomes even lower than projections, particularly in Stevedoring Services Limited, the Board agreed to continue to defer the dividend and continue its ongoing evaluation of the impact of COVID-19 during this fiscal year.”

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