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Coronavirus Spurred Companies to Hoard Cash. Now They Are Starting to Dole It Out. – The Wall Street Journal

Covid-19 cases are surging but Kohl’s, Marathon Oil and Darden are resuming dividend payments, a sign they believe the pandemic’s worst is behind them

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After scrambling to hoard cash in the spring, some large U.S. companies that halted their dividend payments are reversing their decision, a sign that their leaders believe the worst of the crisis is behind them.
Earlier this year, when much of the countrys economy shut down in the first waves of the coronavirus pandemic, companies withdrew cash from credit lines, stopped repurchasing stock and halted dividend payments amid the uncertainty. The public health plight continues, but many businessesfrom…

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