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It has said it will increase its payout as a percentage of its assets this year and next.
In fact, the Gates Foundation says it has increased its payout ratio from 5% to 7% in response to the downturn.But those measures involve spending money that has already been donated.
Santander, one of the few major banks to keep dividends unchanged after the 2008 global financial crisis, said on Thursday it would cut its payout from 2015 earnings to 20 cents per share against 60 cents previously.
BofA gave no indication it would reduce its payout.
As a result, the company says it is cutting its payout to share holders, and will reduce investment in its North Sea operations by 40%.
It has raised its payout to $1 a year, which is 2.4% of the recent price, and has a five-year dividend growth rate of 16% (annualized).
But unlike those competitors, it did not reduce its payout.
GE had insisted for some time that it would not cut its payout.
And British-based Aviva, formerly CGNU, said it would have to cut its payout to policyholders by 5%.
Hewson said it appeared to be limiting its payout by claiming there was already damage to the chassis.
The results, as well as President George Bush's dividend-tax cut, encouraged Citi to raise its payout by 75%, though it has scaled back its share-repurchase programme to pay for it.A key question still hangs over Citi's strategy, though.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com