Because of the uncertainty surrounding the Covid-19 pandemic, Tod’s has decided to cancel its full-year dividend. The company had previously declared a dividend of €0.6 per share on its 2019 results. It still plans to spend 1 percent of net profit on solidarity projects. It added that its chairman, Diego Della Valle, and his brother and vice chairman, Andrea Della Valle, have given up on their remuneration for 2020. Tod’s also postponed its annual general meeting from April 22 to June 3, or if necessary to June 26 on second call.