Business
APRA gives banks wriggle room on dividends – The Australian Financial Review
The prudential regulator has given bank investors a ray of hope, while ensuring the sector can help stabilise a weak economy.
An individual bank might decide to pay out 10 per cent, or 20 per cent or 30 per cent. Uniformity is not the aim the vibe of the approach is what’s important.
Of course, in trying to avoid being prescriptive, APRA has left a heck of a lot room for interpretation. That won’t exactly help the market figure out what banks will do between now and the end of the year.
But at least bank shareholders know future dividends aren’t completely off the table, and in fact some past ones might be back on it…
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