Kogan.com will pay out its first dividend in three years after returning to profitability even after revenue slipped 9.9 per cent as households have cut back spending. The company’s shares jumped 22 per cent on the news.
Ruslan Kogan, the company’s founder and chief executive, said the reinstatement of dividends was an important milestone after a rollercoaster ride during the COVID-19 pandemic.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
