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Covid-19 Stimulus Bill Will Reportedly Limit Buybacks, Dividends for Companies

Published 03/25/2020, 12:57 PM
Updated 03/25/2020, 01:02 PM
© Reuters.

By Yasin Ebrahim 

Investing.com - Companies that take a loan through the stimulus package will be restricted from buying back their stock until one year after the loan is repaid and also will not be allowed to pay any dividends if their loan is outstanding, CNBC reported.

The coronavirus stimulus package, which could include one-time checks worth $1,200 to Americans, tax breaks and bailouts to industries hurt by the impact from the virus such as aviation and hospitality, is expected to clear the Senate in a vote later today, with a vote in the House reportedly slated for Thursday.

 

Latest comments

This will help actual economy and avoid bubbles, well done Mr. Trump.
🤦🏻 you kidding right ? If it was up to pinocchio all these money would go to his “friends and family” they wrestle him to the ground . 😂
hey Bingo, Thank Charles for that
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