Nov 5 (Reuters) - National Australia Bank (NAB) on Thursday slashed its final dividend payout and posted a 36.6% fall in annual profit, hurt by charges on higher loan losses due to the COVID-19 pandemic.
Australia's third-largest bank posted full-year cash earnings of A$3.71 billion ($2.66 billion), compared with a restated figure of A$5.85 billion last year. Analysts polled by Reuters on average expected cash earnings of A$3.82 billion.
The company declared a final dividend of A$0.30, compared with last year's payout of A$0.83 per share.
($1 = 1.3937 Australian dollars)
News: NAB National Australia Bank slashes dividend, posts 36.6% fall in full-year profit
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