Standard Bank to pay dividends in April
The Reserve Bank recently gave guidance to banks to hold on to dividends to shore up their balance sheets
09 April 2020 - 07:42
Standard Bank will distribute about R8.6bn in dividends to shareholders later in April, joining Nedbank and Absa in proceeding with paying recently declared dividends.
On Monday, the Reserve Bank’s supervision division, the Prudential Authority, issued a nonbinding recommendation for banks to consider suspending dividends and putting bonuses to senior managers on hold as SA grapples with the Covid-19 pandemic...
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