Fund manager Janus Henderson‘s study shows coronavirus crisis hits payouts, but tech titans are fighting back
London — The coronavirus crisis will see the world's biggest firms slash dividend payouts between 17%-23% in 2020 or what could be as much $400bn, a new report has shown, though sectors such as tech are fighting the trend.
"2020 will see the worst outcome for global dividends since the global financial crisis," Janus Henderson said in a report published on Monday. In contrast, tech and telecoms and health-care firms' dividends were relatively unaffected, with dividends up 1.8% and 0.1% respectively on an underlying basis.
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