"The record high level of net leverage for the median S&P 500
stock coupled with the ongoing credit market stress means many
firms are unlikely to borrow to fund their dividend," Goldman
said in a note.
The U.S. investment bank said it expects a wave of dividends to
be suspended, cut, and scrapped over the rest of the year.
(Reporting by Thyagaraju Adinarayan, Editing by Iain Withers)
[© 2020 Thomson Reuters. All rights
reserved.] Copyright 2020 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.

|