$21.7b dividend windfall set to land

Original article by Tom Richardson
The Australian Financial Review – Page: 29 : 26-Sep-23

BHP tops the list of Australian companies that will pay dividends in the final week of September. The resources group accounts for $6.34bn of the $21.7bn worth of dividends that investors will receive in coming days. Commonwealth Bank shareholders will in turn receive a combined $4bn worth of dividends, while Fortescue Metals Group’s payout will be about $3.01bn. Cyan Investment Management portfolio manager Dean Fergie expects fewer shareholders to invest their dividends in equities, given that banks are offering much better returns on cash deposits compared with recent years.

CORPORATES
BHP GROUP LIMITED – ASX BHP, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, FORTESCUE METALS GROUP LIMITED – ASX FMG, CYAN INVESTMENT MANAGEMENT PTY LTD

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