The big four banks have been ordered to reduce their dividend payments, which will take its toll on SMSF trustees, super funds, and other income investors.
Flight Centre has cancelled a $40 million dividend payout while Qantas and Corporate Travel Management have deferred theirs. And it's just the beginning.
Watch out if you want income from health care or technology shares. The Australian sharemarket is one of the highest dividend payers in the world but not all sectors are equal where dividends are concerned.
Westpac will pay its interim dividend nine days earlier on June 24 in a strategy that appears to be designed to get around Labor's promised changes to the franking tax policy.
Forget property trusts, mortgage funds and term deposits. Investing for trong yield and total return, not just dividends, is the way forward for retirees.
Yield funds that harvest high dividends were all the rage 12 months ago but they have typically underperformed the Australian sharemarket over the past year.
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