Glencore scraps 2020 dividend as it pours cash into trading

The world's biggest commodity trader, Glencore, will not pay out dividend in 2020 due to soaring debt accrued in an effort to protect the company from the effects of the coronavirus.

By Thomas Biesheuvel, Bloomberg

Glencore Plc ditched its annual dividend after net debt surged because the commodities giant poured money into its trading business to cash in on volatile price swings.

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