NAB 0.46% $37.41 national australia bank limited

Ann: 2019 Interim Dividend Payable 3 July 2019, page-23

  1. 2,840 Posts.
    lightbulb Created with Sketch. 1431
    Rubbish, read the financials and then compare to their peers These decisions aren't just made on a whim to make life easy!!
    Current div payout was too high to be sustained at present levels & performance. Cutting to a more prudent level is a sensible decision regardless of when the provisioned remediation costs will be paid out. Balance sheet is king in this highly regulated industry.
    Restructure and refocus will hopefully see an ability to increase later.
 
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