Business
APRA softens stance on bank dividends as outlook brightens – Sydney Morning Herald
The powerful banking regulator says it will revise the guidance that prompted banks to defer billions in dividend payments.
“We will modify the guidance, and extend it for the remainder of this calendar year, shifting from the immediate, short-term emergency response in April to a setting with a somewhat longer-term outlook,” Mr Byres said.
Although the comments suggest APRA may be less rigid in its attitude to dividends, analysts expect there will not be a return to big dividend payments, and Mr Byres still made it clear that the boards would need to be cautious.
He emphasised that the economic backdrop was still …
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