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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(66) "Borrow Money - Your Guide to Loans and Credit Management | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-07-13 07:55:25" ["slug"]=> string(123) "17060:do-lockdowns-boost-property-prices-are-short-sellers-levelling-the-playing-field-did-you-lodge-your-tax-returns-early" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(136) "/resources/podcast/do-lockdowns-boost-property-prices-are-short-sellers-levelling-the-playing-field-did-you-lodge-your-tax-returns-early" ["image"]=> string(65) "images/podcasts/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

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Should the big 4 banks pay dividends during COVID-19?

By Cameron Micallef

April 14 2020
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Borrow

Should the big 4 banks pay dividends during COVID-19?

By Cameron Micallef
April 14 2020

The big four banks should heed APRA’s warnings as well as support shareholders through a dividends reinvestment plan, an industry expert has urged.

Should the big 4 banks pay dividends during COVID-19?

By Cameron Micallef

April 14 2020
Share

The big four banks should heed APRA’s warnings as well as support shareholders through a dividends reinvestment plan, an industry expert has urged.

The call follows a recommendation from APRA to the big four banks to not pay dividends during the COVID-19 pandemic, which is likely to heavily impact investors requiring dividends to live off.

In a letter, APRA asked the banks to “limit discretionary capital distributions” and consider “prudent reductions in dividends”, but stopped short of blocking payouts to shareholders. APRA urged the companies to defer decisions on dividends until the outlook was clearer, and said any payments should be at a “materially reduced level”.

Plato’s managing director, Dr Don Hamson, said underwritten dividend reinvestment plans (DRPs) is a solution that can help address concerns about the ability of lenders to maintain capacity while paying dividends.

“We know many of Australia’s traditional income stocks have DRPs. These companies can choose to underwrite those plans, which effectively means that new shares will be issued matching the dollar value of all the dividends that they pay,” said Dr Hamson.

“For all those investors electing cash rather than the DRP, the company will still issue new shares, which a broker will sell on market during the DRP pricing period. This allows the company to completely preserve its capital as well as paying dividends to those who rely on the income to make ends meet,” Dr Hamson said.

While highlighting that APRA has acted prudently to protect the big four banks, he encourages a dividend reinvestment plan as it will ensure investors who need the income aren’t hung out to dry.

“Destroying the major income stream of thousands of Australians, many of whom are retirees, will put further strain on the economy, which we believe will fall into a deep recession in the June quarter of 2020,” Dr Hamson concluded.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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