Equity income - is the old model broken?
Reassessing the sector during Covid-19
Matthew Page of Guinness Asset Management
The lockdowns put in place to slow the spread of coronavirus have brought about an unprecedented demand shock for companies in the most affected industries.
In a high-profile example - from a sector so hard-hit as to be something of a special case - Royal Dutch Shell cut its dividend for the first time since 1940 on 30 April "to provide financial resilience...
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