Karina Barrymore of courermail.com.au discusses the possibilities of some Aussie stocks cutting their dividends up to 40% as the global economic crisis hits home.
"The good news is that dividend yields are at a record high. The bad news is this means everyone now expects them to come crashing down.For investors counting on dividend income to boost their flagging fortunes, they look to be in for a rude shock, with cuts of up to 40 per cent.Several companies have already reduced their dividend payouts to shareholders and more are tipped to follow.Increased concern of a deepening global recession, the ongoing financial crisis and less demand for goods all point to reduced company profits and smaller dividends."
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February 8, 2010
6 hours ago
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