Why bank shareholders are set to reap more in dividends
Recognising the banks’ healthy capital positions, APRA in December relaxed its guidance on banks’ capping shareholder payouts at 50% of profits, a sharp turnaround from its position in April 2020 when it had asked banks to “seriously consider” suspending dividend payments as COVID-19 hit and lockdowns were enforced. As confidence has improved, bank shares too …
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