A rebound in the Australian sharemarket could be turbocharged over the next few weeks as $23 billion worth of dividend payouts is expected to be redeployed back into beaten down stocks if tensions in the Middle East continues to de-escalate.
This week a massive $12.5 billion in dividends will have been paid to investors including $5.2 billion from BHP on Thursday. Woodside Energy and Telstra are due to pay out on Friday. A further $10.7 billion will be divvied up next week from the country’s biggest companies including $3.9 billion from Commonwealth Bank, along with Fortescue and Wesfarmers.
