Adidas will slash its 2022 dividend warning that a split with rapper and fashion designer Kanye West could push it this year to its first annual loss in three decades.
The company will recommend a dividend of €0.70 per share at a May 11 AGM, it said. The 2021 dividend was €3.30 a share.
Currency-neutral revenue declined by 1% in the fourth quarter, taking into account a €600m loss after it stopped selling Yeezy shoes.
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