Coronavirus Spurred Companies to Hoard Cash. Now They Are Starting to Dole It Out.

 proxy.yoo.workers.dev  11/22/2020 10:30:00   Biography

For years, one of the biggest days of the holiday shopping season was Black Friday. But in 2020, that could change. The coronavirus pandemic is fast-tracking big changes in retail that were already underway, pushing consumers into a digital future. Illustration: Jacob Reynolds/WSJ

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 factories to law firmshave...

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