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LVMH will discuss the possible payment of an interim dividend in October

 

 

 

 

 

 

 

 

 

 

 

 

 

LVMH will discuss the possible payment of an interim dividend in October

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The luxury goods giant LVMH announced on Monday that its Board of Directors will discuss the possible payment of an interim dividend in October.

 

Bernard Arnault, Chairman and CEO of the French luxury giant wrote in a letter to shareholders that “the decision to pay an interim dividend will be discussed by the Board of Directors in October and announced, if necessary, at that time”.

 

In addition, the CEO stated his conviction that “LVMH is in an excellent position to benefit from the recovery, which we hope will be confirmed in the second half of the year, and to strengthen its lead in the global luxury market in 2020”.

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He continued: “After a second quarter that was severely affected by the crisis, we can hope that the recovery will gradually materialize in the second half of the year”, he also wrote.

 

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Featured photo: © LVMH

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