ZURICH: Novartis eye care unit Alcon, being spun off to investors next year, aims to pay a dividend from 2020 and will f AVN 62.38 Decreased By -0.59 (-0.94%) BOP 9.65 Decreased By -0.14 (-1.43%) ($1 = 0.9760 Swiss francs) (Reporting by Brenna Hughes Neghaiwi). ZURICH, April 7 (Reuters) - Swiss eyecare company Alcon is scrapping its proposed 2019 dividend and withdrawing its 2020 guidance as a result of the coronavirus pandemic, the group said on Tuesday. See here for a complete list of exchanges and delays. It had previously proposed a dividend of 0.19 Swiss francs ($0.1947) for 2019. Is Antibody test the key to measure immune response to the novel coronavirus? Get ETHealthworld's top stories every morning in your email inbox. Amid growing public indifference to wear masks and avoid mass gatherings, Prime Minister Narendra Modi will launch a Jan Andolan for Covid-19 appropriate behaviour on Thursday. ZURICH: Novartis eye care unit Alcon, being spun off to investors next year, aims to pay a dividend from 2020 and will focus on "bolt-on" acquisitions to help boost core operating margins to the mid-20 percent range by 2023 from the high teens now. ZURICH, Nov 27 (Reuters) - Novartis’s Alcon eyecare unit, which is being spun off to shareholders in 2019, plans to pay a dividend in 2020 and will focus on “bolt-on” acquisitions to help boost operating margins to the mid-20 percent range, from the high-teens now. 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Due to uncertainty around impact of COVID-19, previous 2020 guidance is withdrawn In lieu of attendance at the Annual General Meeting, Alcon shareholders are directed to exercise voting rights exclusively via independent representative To maintain financial flexibility, company is implementing cash preservation measures which includes delaying initiation of a dividend proposal until 2021 Alcon Foundation is … Dear user, ET HealthWorld privacy and cookie policy has been updated to align with the new data regulations in European Union. All quotes delayed a minimum of 15 minutes. PRINT Our Standards: The Thomson Reuters Trust Principles. Click "Continue" to accept and continue with ET HealthWorld. Follow @ETHealthworld for the latest news, insider access to events and more. Covid-19 tests in India cross 9 crores; 20 states, UTs report positivity rate less than national average1 hr ago, University of Houston partners Indian-American co-founded company for Covid-19 vaccine4 hrs ago. 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Alcon, which made the announcement on Tuesday ahead of an investor day in New York, is being jettisoned from Novartis's portfolio as Chief Executive Vas Narasimhan focuses on new drugs, not the surgical devices and contact lenses that Alcon makes. All quotes delayed a minimum of 15 minutes. Our Standards: The Thomson Reuters Trust Principles. “In light of the current market conditions and economic uncertainties linked to COVID-19, and as part of the company’s overall efforts to maintain financial flexibility and implement cash preservation measures, the Board of Directors considers that it is in the best interest of Alcon’s stakeholders to delay the initiation of a dividend proposal until 2021,” said the Swiss-listed group, which will hold its first annual general meeting on May 6 without the attendance of shareholders. Reporting by John Miller; editing by Thomas Seythal. Swiss eyecare company Alcon is scrapping its proposed 2019 dividend and withdrawing its 2020 guidance as a result of the coronavirus pandemic, the group said on Tuesday. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. ZURICH, Nov 27 (Reuters) - Novartis’s Alcon eyecare unit, which is being spun off to shareholders in 2019, plans to pay a dividend in 2020 and will focus on … All Rights Reserved. FRIENDS. Alcon, which made the announcement on Tuesday ahead of an investor day in New York, is being jettisoned from Novartis’s portfolio as Chief Executive Officer Vas Narasimhan focuses on new drugs, not the surgical devices and contact lenses that Alcon makes. 125000+ Industry Leaders read it everyday, How did you hear about us? We have updated our terms and conditions and privacy policy Copyright © 2020 ETHealthworld.com. See here for a complete list of exchanges and delays. 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