Banks, miners expected to lead dividend bonanza for local shareholders
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By Thuy Ong
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Dividend payouts from Australia’s biggest companies are expected to bounce back to pre-pandemic amounts in 2021, even as the nation grapples with the recent coronavirus resurgence.
Payments from firms on the benchmark S&P/ASX 200 Index may surge by about a third this year, returning close to 2019 levels, according to data compiled by Bloomberg. A rally in commodity prices and economic growth have helped blue-chip firms accelerate payouts, even as some companies may be cautious on dividends amid the recent outbreaks of the Delta strain.
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