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Corporate Australia to deliver ‘dividends bonanza’ despite fears lockdowns will derail economy
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Investors are betting on hefty dividend hikes from mining giants and likely share buybacks at the upcoming round of earnings results, despite COVID-19 lockdowns in Sydney and Melbourne threatening to derail the economic recovery.
Profit season unofficially kicks off in Australia this week with half-year results from diversified resources behemoth Rio Tinto and investors say a key theme will be bumper dividends from miners that have benefited from surging iron ore prices.