Big banks will report bumper profits – but their dividends probably won’t play catch-up

Posted in: Intellidex in the media on Aug 12, 2021


With bank results season upon us, Intellidex senior banks analyst Nolwandle Mthombeni weighed in on what we are likely to see. She says that dividend payouts will likely be in line with each bank’s dividend cover policy. This means despite the level of earnings recovery, they are unlikely to make up for the lack of dividends in 2020 by paying out more this year.

Featured in News 24.

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