Anheuser-Busch InBev Cuts Its Dividend to Preserve Cash

Anheuser-Busch InBev (NYSE: BUD) is still struggling to adjust to the financial impacts of the COVID-19 pandemic. The beer giant said on Tuesday that it is slashing its dividend to preserve cash as sales volumes decline in key markets across Europe and North America.

The owner of the Budweiser and Bud Light brands cut its dividend by 50% while citing uncertainty around demand due to COVID-19 and related social distancing efforts.

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Source Fool.com