ASX dividends will be up 30% this year: fundie

Dividend shares will make a roaring comeback this year, according to one fund manager.

The Australian share market traditionally pays out higher dividends than its international counterparts because of the favourable tax laws. The high representation on the ASX from big banks and mining companies also helps.

But Tribeca Investment Partners portfolio manager Jun Bei Liu said this week that those payouts were slashed when the COVID-19 pandemic arrived.

“That’s a reason why Australian equities underperformed for a big part of [2020].”

With no idea as to how the virus would impact their bottom lines, businesses had to understandably preserve capital. Many companies popular with income-heavy retiree investors such as Westpac…