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Companies Restart Dividends, Shedding Covid Cash Concerns

Companies Restart Dividends, Shedding Covid Cash Concerns

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

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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 country’s 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 businesses—from factories to law firms—have…

This post first appeared on wsj.com

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