Sunny reports ☀️ raining dividends 🌧️ - a podcast by ausbiz
from 2022-02-16T06:24:59
It was risk on to the close of the session, with the local market closing on the highs of the day up 78 points or +1.1%. Shareholders were in for a treat with it raining dividends today, with numerous top-line companies carving up the balance sheet. Treasury Wine Estates successfully navigated around Chinese tariffs, and investors bid up the price by nearly 12%. CSL also got shareholders' blood pumping, finishing up nearly 9%. Netwealth and EML Payments sat firmly at the bottom of the reporting season ladder. Tanking iron ore prices dragged down BHP, Rio Tinto and Fortescue, the latter also delivering a lacklustre report. Away from reporting season, Tesla's lithium offtake deal with Liontown saw the explorer close almost 18% higher.
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