Woolworths cuts interim dividend by over 27%

Woolworths said in a separate results statement that “the group delivered a continued outstanding performance in Food, underpinned by sector-leading sales growth and further market share gains”.

While Woolworths Holdings trumpeted an “outstanding performance” in its food business, the retailer’s fashion business continued to weigh on the group, which reported a 27.7% cut in its interim dividend on Wednesday.It declared an interim dividend of 107 cents per share (cps) at a 70% payout ratio, compared to 148cps for HY2024.Login to view the full…

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