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Inmarsat cuts dividend to fund investment in aviation business​

Reuters  |  LONDON 

(Reuters) - British company said it would lower its in 2018 and beyond to fund an investment drive in its aviation division, after core earnings fell in the fourth quarter.

said the board has taken a decision to reduce the annual to 20 cents per share and keep it there until cash flow improves.

The group will pay a total of 33.62 cents per share for 2017.​

(Reporting by Kate Holton; editing by Paul Sandle)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 15:00 IST