Decisive Dividend Corporation Announces Suspension of Monthly Dividend

About this update from Decisive Dividend Corp.

[{"type":"text","content":"Decisive Dividend Corporation Announces Suspension of Monthly Dividend(via TheNewswire)\n \n \nKelowna, British Columbia - TheNewswire - March 31, 2020 - Decisive Dividend Corporation (TSXV:DE) (the \"Corporation\" or \"Decisive\") today announced it will be suspending its monthly dividend after payment of the previously announced dividend of $0.03 per common share on April 15, 2020. \n\n \n \nThe board of directors of the Corporation made the difficult but prudent business decision to suspend monthly dividend payments in response to the considerable economic uncertainty surrounding the worldwide COVID-19 pandemic and the significant decline in global oil prices. The global response to COVID-19 continues to evolve rapidly and has already had a significant impact on financial markets and the global economy. Decisive remains committed to paying a dividend over the long term and will resume payments when appropriate and prudent to do so.\n\n \n \nDecisive has been and continues to consult with the senior executives of its operating subsidiaries on a regular basis with a view to safeguarding its business, its workforce and its customers. Recent disclosures included the impact on Unicast Inc., due to Chinese manufacturing and shipping delays, and the impact on Hawk Machine Works Ltd. due to the three-week temporary closure of its plant. \n\n \n \nThe extent and duration of the effects that COVID-19 and declining oil prices will have on the overall economy remains unknown and as such Decisive intends to manage itself with an abundance of caution in this challenging business environment. Decisive and its subsidiaries have implemented measures to reduce costs wherever possible and have suspended all non-essential capital expenditures for the remainder of the year.\n\n \n \nThe directors and management of the Corporation believe that the temporary dividend suspension, along with the other capital preservation measures put in place, will provide greater financial strength through this period of uncertainty. As one of Decisive's objectives is to pay a regular dividend to its shareholders over the long term, Decisive plans to re-commence the declaration and payment of dividends when determined appropriate by its board of directors.\n\n \n \nJames Paterson, Chief Executive Officer of Decisive, noted:\n\n \n \n\"The decision to suspend the mo...

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