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Coronavirus

Coronavirus disruption cuts into corporate dividends

Chip machine makers, auto part companies and fashion brands to hold onto their cash as uncertainty grows

 Listed companies are taking a continued beating from the novel coronavirus outbreak. (Photo by Shihoko Nakaoka) 

TOKYO -- Listed companies across Asia are cutting or delaying dividend payouts as the spread of the novel coronavirus continues to batter business in the region.

Companies in a wide range of sectors have already been grappling with extensive disruptions to their day-to-day operations, and share prices have been correspondingly volatile. The fact that many are now adjusting dividend payments -- a weighty decision that involves top management, the board and shareholders -- indicates that concerns over the longer-term impact of the virus are growing.

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