Mr Bearbull 

All change, please

Mr Bearbull

Mr Bearbull
All change, please

Question, when is a dividend not a dividend? Answer, when it’s a so-called bonus dividend. And it’s a worry that, in the mess induced by the response to Covid-19, company bosses appear keen to use bonus dividends to foster the illusion that their companies are maintaining payouts to shareholders while keeping the money that a cash dividend would have consumed.

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