Safran : Dividend scrapped but a comfortable level of liquidity and a new share buyback programme could potentially be envisaged
>2019 dividend payment scrapped - Safran has thus joined Airbus and MTU with its decision to scrap the payment of its 2019 dividend in 2020. It had previously been proposing € 2.38 a share (yield of 2.6% at the current price), equating to a cash-out of around € 1bn in June 2020. The company expects this move to help maintain the continuity of its operations, notably for its suppliers, to support its clients and to provide liquidity in an uncertain environment. Also, t...Safran designs, develops and manufactures high technology electronics through three businesses: Aerospace, Defense and Security. Aerospace includes Aerospace Propulsion (propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters) and Aircraft Equipment (mechanical, hydromechanical and electromechanical equipment); Defense (optronic, avionic and electronic systems); and Security (biometric technologies for fingerprint, iris and face recognition, identity management products, access management and transaction security, including tomographic systems for detection of dangerous or illicit substances in baggage).
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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