Chanticleer

Big questions for investors as companies ride JobKeeper to dividends

Investors should consider the culture, values and judgment of ASX300 companies that paid big bonuses and dividends after a new report finds a lack of rigour and transparency in the JobKeeper scheme.

Updated Sep 10, 2020 – 7.26pm, first published at 12.04pm

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A new report from proxy adviser Ownership Matters raises fresh and serious questions for investors and taxpayers about the treatment of the $1.8 billion in JobKeeper and other equivalent subsidies paid to companies in the ASX 300.

It should also put the spotlight on the government for design flaws in a scheme that lacks rigour and transparency.