Looking at dividend history going back 10-12 years, at its worst NAB has paid out a dividend of 73 cents. If dividends were to drop that far, at these prices it is still a yield of approx. 5%. Of course times were different then and Australia slowed down after GFC but avoided a technical recession. At this point in time, Australia is no where close to a tech recession and growth has been slow but steady. However, things could change very quickly over the next 6 to 12 months. Clearly the market is predicting a tough period for banks over the next 12 may be even 24 months. In saying that, IMO NAB is potentially an accumulate for long term income investors.
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Last
$37.90 |
Change
0.490(1.31%) |
Mkt cap ! $117.1B |
Open | High | Low | Value | Volume |
$37.77 | $37.97 | $37.74 | $95.09M | 2.510M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 604 | $37.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.90 | 15076 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 446 | 41.690 |
3 | 1597 | 39.790 |
1 | 70 | 38.980 |
1 | 23 | 38.930 |
2 | 452 | 38.900 |
Price($) | Vol. | No. |
---|---|---|
36.010 | 2129 | 6 |
36.670 | 1328 | 3 |
36.720 | 418 | 2 |
36.850 | 1 | 1 |
37.000 | 400 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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NAB (ASX) Chart |