AIM-listed law firm Gateley has cancelled its interim dividend – an amount payable to shareholders – in a bid to hedge against the short-term economic fallout caused by the COVID-19 pandemic. 

A dividend of 2.9p per share was due to shareholders on March 31, 2020. However, in a protective move, the firm announced via the London Stock Exchange on Tuesday that it was now “prudent” to cancel the payout in order to “maximise the group’s short-term liquidity”.