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The COVID-19 pandemic has been a reminder for many Australians
of the dangers of relying too heavily on any single source of
income. Many have lost jobs, had their working hours cut or seen
once-dependable investment income streams suddenly disrupted.
The 2020 dividend drought has particularly impacted
older investors and self-managed super funds who often rely on
income from blue-chip share portfolios, because many large
companies have been forced to cut distributions in order to
conserve cash.
During the 2020 reporting season, shareholders in Commonwealth
Bank saw payouts fall by more than half compared to last year,