Business
Retirees cheer as big bank dividends snap back – Sydney Morning Herald
Shareholders in the big-four banks look set to pocket higher dividends this year, as lenders enjoy a resurgence in profits thanks to the economy’s rebound.
Shareholders in the big-four banks look set to pocket higher dividends this year, as lenders enjoy a resurgence in profits thanks to the economys rapid rebound.
Bank shares are traditional favourites with mum and dad retail investors, particularly retirees, who often rely on the income to fund their standard of living after they stop work.
However, last year, they were provided with a stark reminder of the inherent riskiness of dividends funding their retirement when the big banks slashed payouts,…
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