Companies are setting the scene for improved dividends when the August earnings season rolls around, and until then, it’s the miners that are leading the way in ramping up shareholder returns while the rest of the ASX bides its time.
The week’s dividend highlight was Commonwealth Bank of Australia’s stronger than expected $1.50 a share payout, while Telstra maintained its dividend at a flat 8¢ a share. Mineral Resources and Newcrest Mining announced hefty dividend increases, up 335 per cent to $1, and 100 per cent to US15¢, respectively.