KME 1.61% 30.5¢ kip mcgrath education centres limited

Ann: Company Update, page-3

  1. 16,542 Posts.
    lightbulb Created with Sketch. 8075
    One thing, though:

    25 Feb: A dividend is declared
    11 Mar: The stock trades ex- the entitlement to that dividend
    20 Mar: They defer the payment date of dividend (citing C-19 related uncertainties, so fair enough)
    29 May: They cancel the dividend entirely

    How does that work?

    In all my years of investing, I'm not encountered such a development.

    Can anyone shed light on the protocols/rules around this?

    .
 
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