Due to the great economic uncertainty, the state-owned train company SJ chooses to withdraw the proposed dividend of SEK 186 million.

The social measures that have been taken to reduce the spread of the virus have significantly reduced travel and thus also affected SJ. This will have a negative impact on both the first quarter's results and the full year 2020, the company writes in a press release.

Therefore, the company chooses to withdraw the previously proposed dividend of SEK 186 million, which would otherwise have accrued to the sole owner, the Swedish state.

”"Given the very high level of uncertainty regarding SJ's future financial position and liquidity, SJ's board and management consider it difficult to propose to the Annual General Meeting to decide on the previously proposed dividend," says SJ's Chairman of the Board Siv Svensson in the press release.

Source: di.se