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Economic and political forces are threatening the typical programs of dividends and buybacks used by companies, so Goldman Sachs suggested in a new note that maybe now is the time to try a new approach.
The economic slowdown caused by the coronavirus pandemic has led to major companies cutting and suspending their dividends, with Goldman projecting a 25% decline for S&P 500 dividends this year, and the CARES Act restricts some companies from dividends and buybacks.
Source: cnbc.com