Coronavirus Spurred Corporations to Hoard Cash. Now They Are Beginning to Dole It Out.
After scrambling to hoard cash within the spring, some massive U.S. firms that halted their dividend funds are reversing their determination, an indication that their leaders imagine the worst of the disaster is behind them.
Earlier this 12 months, when a lot of the nation’s economic system shut down within the first waves of the coronavirus pandemic, firms withdrew cash from credit score traces, stopped repurchasing stock and halted dividend funds amid the uncertainty. The general public well being plight continues, however many companies—from factories to regulation corporations—have…
Market information on CNN.
Dow Jones – Coronavirus Spurred Corporations to Hoard Cash. Now They Are Beginning to Dole It Out.