Invesque - McKnight's Senior Living

Invesque

Invesque suspends dividends; Pennant maintains 2020 guidance

Invesque announced several moves Wednesday to preserve cash and strengthen the company’s balance sheet. These included the suspension of its dividend for common shareholders, executive compensation and personnel cost reductions and a deferral of all non-essential capital expenditures. The announcements came as the real estate investment trust reported its 2020 first-quarter earnings. Invesque reported funds from operations of 25 cents per share for the quarter, up one cent year-over-year.

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