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APRA eases dividend restrictions, ASX bank shares rally – Motley Fool Australia
APRA has now advised ASX banks they can begin to pay limited dividends of up to half of profits, replacing earlier guidance to defer dividends by the regulator.
In a media release today, the Australian Prudential Regulation Authority (APRA) updated its capital management guidance for banks and insurers.
Updated guidance
The guidance eases restrictions around paying dividends. As a result, this replaces its April recommendation, in which it advised that banks and insurers should be “seriously consider deferring decisions on the appropriate level of dividends until the outlook is clearer.”
However, in today’s release, APRA has indicated boards should s…
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