30 Jul 2020


Bank dividend cuts to deliver blow to retirees and investors

Rod Myer published an article in The New Daily discussing why the financial regulator has ordered the big banks to cut their dividends in response to the COVID-19 crisis – dealing a major blow to the incomes of investors and super fund members. Stuart Jackson comments on why APRA has ordered them to restrict their dividend payments to 50 per cent of their earnings. Read here. 


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