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Dividend rebound to accelerate across ASX – The Australian Financial Review
The boss of the $6b Argo Investments says the big four banks are poised to figure prominently as payout levels head higher.
Mr Beddow said Commonwealth Bank, ANZ, Westpac and NAB were likely to figure prominently in a partial restoration of dividends first up, with the Australian economy in solid shape and record low interest rates underpinning a renewed rise in house prices.
Late last year, the Australian Prudential Regulation Authority scrapped its previous ruling that forced banks to cap shareholder payouts at 50 per cent of profits, although it did counsel boards to maintain a prudent approach to dividend payments.
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