Originally Posted by
Waikaka
Luckily in NZ everyone gets national super. Which is what ~$980 a fortnight before tax. Should pay most bills
So if dividends were your 'main source of income' and an average dividend across the NZX50 is about 3.4%, then you have a portfolio of ~$750,000. Hopefully not all in HGH so might be a bit dramatic to say they may 'not be able to pay the bills'.
Stability of the whole system is important so it seems prudent for financial institutions to not be paying dividends at this time and focusing on supporting their customers.
Disc holding ANZ, WBC