My 2 cents wrote:VituVingiSana wrote:My 2 cents wrote:Seems the dividend drought will extend into 2022. Banks may not go back to pre-covid dividend levels in 2022. Management and boards are liking the flexibility of having oodles of free cashflow to play with.
That would be a pity unless banks have solid and sensible plans for the capital. Compare Equity to DTB.
Equity might actually be the exception because of their recent dividend history. They may want to restore full throttle.
DTB on the other hand reluctantly pays dividend, like they feel the pinch of every shilling they part with. Covid gave them the perfect excuse to stop paying altogether.
I expect ABSA and SCBK to pay good dividends. I have both.
JM said 30-50% of the EPS for Equity for FY2021.
DTB's board feels paying dividends is like they do so from their own pockets.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett