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Glencore floats dividend cancellation

Glencore floats dividend cancellation

Glencore (GLEN) will hold off on paying its 20¢ (16p) dividend for 2020 until later in the year or cancel it entirely because of the Covid-19 impact on commodity prices. The mining and trading company said its aim was to keep paying down debt and maintain its Baa/BBB credit ratings, which are important for its trading business.

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