Rubbish, read the financials and then compare to their peersThese 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.
Ann: 2019 Interim Dividend Payable 3 July 2019, page-23
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Last
$33.81 |
Change
0.290(0.87%) |
Mkt cap ! $104.9B | |||
| Open | High | Low | Value | Volume |
| $33.69 | $34.05 | $33.62 | $121.3M | 3.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17815 | $33.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.90 | 2000 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$33.87 |
Change
0.290 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| $33.66 | $34.05 | $33.63 | 619806 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| NAB (ASX) Chart |