G8 Education (ASX:GEM)
has postponed the payment of its fully franked final dividend until the end of October.
The company was due to pay a fully franked dividend of 6 cents per share dividend on 6th April.
As a result of the rapidly evolving environment in relation to COVID-19, the Board has decided to postpone the payment date of that dividend until 30 October 2020.
The Group currently has $135 million in cash and available facilities and maintains covenant headroom.
Shares in G8 Education (ASX:GEM)
are trading 17.9 per cent higher at 83 cents.