Yes, bank dividends are back but let’s not party like it’s 2019
The banking sector’s dividend party has kicked off again as earnings recover, but rather than returning to the pre-COVID rave it will be more akin to a dinner party.
Two of three banks that reported their half-year profits this week - Westpac and National Australia Bank - have told investors they won’t be allocating as much of their income to dividends.
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