Half Year Results 

Wetherspoon scraps dividend as footfall plummets

Wetherspoon scraps dividend as footfall plummets
Bloomberg | Boris Johnson and JD Wetherspoon chairman Tim Martin during a visit to a Wetherspoons pub, as part of Johnson's Conservative Party leadership campaign tour last summer

JD Wetherspoon (JDW) will not pay a half-year dividend and has delayed most of its capital projects in a bid to conserve liquidity, after prime minister Boris Johnson’s caution over pub attendance accelerated a decline in sales. In the six weeks to 8 March, Wetherspoon's sales rose 2.9 per cent before dropping 4.5 per cent in the subsequent week, and continuing to drop since.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now