A silly de­ci­sion

Finweek English Edition - - SIMON SAYS -

Sa­sol* an­nounced a change to it s ‘pro­gres­sive div­i­dend pol­icy’ t hat spooked the mar­ket, send­ing the stock down some 10% at one stage. The sur­prise made no sense; did any­body re­ally think that the com­pany would be able to main­tain its pro­gres­sive div­i­dend pol­icy? Per­haps more im­por­tantly, when Sa­sol ini­tially an­nounced this pol­icy, did man­age­ment re­ally think it could keep it go­ing through thick and thin? A

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