NAB 1.46% $38.38 national australia bank limited

All this talk of the dividend remaining at 99c (which is...

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    All this talk of the dividend remaining at 99c (which is fantastic, don't get me wrong), but absolutely no mention of the payout ratio. Currently at 94.1%, up from 79.4% this time last year. Is this sustainable? I don't know the answer but I'm inclined to say no, particularly if we have another troubled year.
 
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