Renault Slashes Dividend, Posts First Net Loss in Decade

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Renault SA slashed its annual dividend and posted the first net loss in a decade after sales declined and income from partner Nissan Motor Co. plunged. The shares tumbled.Renault’s 2019 dividend will fall by more than two-thirds to 1.10 euros a share, it said Friday. The French carmaker owns 43% of Nissan, which scrapped its own year-end payout to investors. Renault booked a net loss of 141 million euros for 2019.“We aren’t satisfied with our results,” Acting Chief Executive Officer Clotilde Delbos …read more

Source:: Yahoo Finance