European dividend aristocrat and Dutch publisher Wolters Kluwer (WKL.AS) suspended its 2020 guidance on Wednesday, given the uncertainty surrounding the impact of Covid-19.
Wolters Kluwer, however, remains committed to a progressive dividend policy and the last dividend increase has been 20% (2019). The final dividend for 2019 is approved by shareholders and to be paid on May 20, 2020. This will the 15th year of consecutive dividend increases. At the moment of writing the dividend yield is 1.76%.
First-quarter revenues were up 3% at constant currencies and up 4% organically, with adjusted EBITDA also increasing at constant currencies.
Wolters Kluwer maintains its 2020 share buyback of up to €350 million.
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Source: press release
