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Chanticleer

Chanticleer

Where to turn with dividends drying up

COVID-19 has severely damaged the dividend income of Australian retirees already suffering from record low interest rates. But there are some dividend safe havens.

Packaging group Amcor and energy infrastructure group AusNet Services are two bright lights amid the stockmarket gloom over deferred, cancelled or slashed dividend distributions.

Amcor and AusNet said on Tuesday they would be paying dividends in accordance with market expectations following their latest financial results and they signalled further dividends would be paid as usual in the year ahead.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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