Don't know how they came to that, unless their expecting a lower NPAT then the new forecast.
In their 12 November ASX report that stated they expected NPAT to be in excess of $1 Billion. There are 1.197 billion shares on issue and they have stated they will have a 70% pay out of NPAT.
That comes in at about 58 cents a share. They have paid a 40 cent dividend in August. That leaves 18 cents per share by their own guidelines.
So I would think barring anything else bad it would be at least 18 cents partly franked. Obviously down from 25c for same period dividend last year. IMO they would do their best where possible to keep the next dividend to at least 25 cents. But who knows its all guess at the moment.
QBE Price at posting:
$10.79 Sentiment: LT Buy Disclosure: Held
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