Surely that depends on the cost of keeping it and what you receive for it. Nab raised Capital and now needs to make around 7% more profit overall every year just to make the same profit per share with presumably a similar impact on dividends.
UDC is relatively small beer in the scheme of things but from what I've read the sale of UDC was made at a price above book value. If it's been a factor in not raising Capital (which seems to be the case) and is less profitable than other parts of their business I can't see the problem.
Ann: ANZ announces sale of UDC Finance, page-13
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