Business
Markets Live, Monday 27 July – The Sydney Morning Herald
The S&P/ASX 200 gained 20 points in a sluggish Monday session to 6044 points, as financials and healthcare dragged on materials stocks.
Companies like Boeing, HSBC bank, Adidas cut dividends to zero.
In Australia dividends fell from about $15 billion in the second quarter in 2019 to $5 billion in the same period this year, a 70 per cent fall. Companies like Westpac, ANZ Bank, and Sydney Airport cut dividends to zero.
Its clear the impacts of COVID-19 on global equities have been very sector and company specific, portfolio manager of the Plato Global Shares Income Fund, Dan Pennell, said.
North American companies maintained …
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