Tiger Brands maintains healthy dividend standard of 670c in FY20

JSE-listed consumer brands company Tiger Brands has declared a total dividend of 670c apiece for the financial year ended September 30, despite ongoing difficulties in maintaining margins in a tough trading environment compounded by Covid-19. The company reported an 18% year-on-year decline in its operating profit to R2.6-billion, with the operating profit margin having declined to 8.7%.

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