Connect with us

Business

Coronavirus Spurred Companies to Hoard Cash. Now They Are Starting to Dole It Out. – The Wall Street Journal

Covid-19 cases are surging but Kohl’s, Marathon Oil and Darden are resuming dividend payments, a sign they believe the pandemic’s worst is behind them

Published

on

post featured image
ADVERTISEMENT

After scrambling to hoard cash in the spring, some large U.S. companies that halted their dividend payments are reversing their decision, a sign that their leaders believe the worst of the crisis is behind them.
Earlier this year, when much of the countrys economy shut down in the first waves of the coronavirus pandemic, companies withdrew cash from credit lines, stopped repurchasing stock and halted dividend payments amid the uncertainty. The public health plight continues, but many businessesfrom…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Walmart’s ‘Holiday Drone Light Show’ planned for Sacramento in December – KCRA Sacramento
post featured image
Biden chooses former Fed Chair Janet Yellen to be Treasury secretary – CNBC
post featured image
The Tesla Model X can be stolen with this hack, researcher says – Fox News