Business
Australian investors will have their income slashed this month, and that could hurt everyone – ABC News
Hundreds of thousands of Australians who rely on dividend payments could soon be forced to cut back on food, healthcare, and travel.
The Commonwealth Bank has delivered another enormous profit — $9.6 billion to be precise — despite many struggling with mortgage repayments. To keep the bank sailing smoothly during the coronavirus recession it’s taken the axe to its dividend. What this means though is that, in addition to the millions of Australians whose positions have already been made redundant, or who have lost hours and pay, hundreds of thousands of Australians who rely on these payments could soon be forced to cut back …
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