Agri group to scrap dividend

Publicly-quoted agri- services business Donegal Investment Group (DIG) has decided to scrap dividend payments to shareholders “for the foreseeable future”.

In a trading update, the group – formerly Donegal Creameries – said subject to requirements it would look to return capital to investors by way of “the more tax efficient form of a share buy-back programme.”

“The timing and scale of any share buybacks depend on the requirements of the company’s businesses, completion of our non-core asset disposal programme as well as the finalisation of the Monaghan Mushrooms legal case,” the company said.