At least 68 publicly traded Canadian companies have continued to pay out billions of dollars in dividends to their shareholders while receiving government assistance in the form of the Canada Emergency Wage Subsidy.
A Financial Post investigation by Victor Ferreira and Kevin Carmichael found that the 68 companies received at least $1.03 billion in CEWS, a subsidy introduced by the federal government in April to help companies that had seen significant drops in their revenue cover payroll costs and avoid laying off workers. While they were receiving government assistance over the past two quarters, the very same companies paid out more than $5 billion in dividends.
https://financialpost.com/investing/fp-investigation-as-cews-flowed-in-dividends-flowed-out
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