Polaris Holding Company Ltd. announced that the dividend payout for the third quarter of its 2023/24 fiscal year will be $0.05 per share, rather than $0.10 per share which has been the dividend payout that shareholders have enjoyed for each quarter since September 2021. During this short-term cash flow squeeze, the Company plans to defer half of the dividend to shareholders in anticipation of returning to normalcy by or during the first quarter of fiscal 2024 when the Company hopes to move the dividend back to $0.10 per share.
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