The coronavirus crisis will see the world's biggest firms slash dividend payouts between 17per cent-23per cent this year or what could be as much ...
The coronavirus crisis will see the world's biggest firms slash dividend payouts between 17per cent-23per cent this year or what could be as much US$400 billion, a new report has shown, although sectors such as tech are fighting the trend.
"2020 will see the worst outcome for global dividends since the global financial crisis," Janus Henderson said in a report published on Monday. In contrast, tech and telecoms and healthcare firms' dividends were relatively unaffected, with dividends up 1.8per cent and 0.1per cent respectively on an underlying basis.
"Probably we are going to see increases from parts of the tech sector," he added."There are a lot of very strong balance sheets in that area."
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