The sharemarket’s record-breaking run is tipped to continue into the next quarter as buckets of cash hit investors’ wallets following earnings season, and consumers ready their war chests of savings to splurge as the economy reopens in line with rising vaccination rates.
The end of August marked the conclusion of a historic reporting period where more than $38 billion in dividends were declared, in addition to $15 billion in buybacks and $34 billion of cash takeovers.