Randstad : Dividend abandoned due to the lack of visibility
>Dividend abandoned due to limited visibility on the COVID-19 impact - Randstad yesterday announced that it is to abandon its proposed dividend for 2019. Management had previously targeted a dividend of € 2.09, representing a pay-out rate of 50% along with a special dividend of € 2.23, equivalent to double that of the previous year. This would have represented a total pay-out of € 803m, i.e. close to 65% of 2020e EBITDA on our current estimates, whilst the group lack...Randstad is a global staffing and recruitment company, providing various solutions in the human resources (HR) services space. Co.'s services include regular temporary staffing and permanent placement of candidates. In addition, Co. provides several other HR solutions, such as Recruitment Process Outsourcing (RPO), Managed Services Programs (MSP), payroll services, and outplacement. Co. provides four distinct service concepts: Staffing, Inhouse Services, Professionals and HR Solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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