Looking at dividend history going back 10-12 years, at its worst NAB has paid out a dividend of 73 cents. If dividends were to drop that far, at these prices it is still a yield of approx. 5%. Of course times were different then and Australia slowed down after GFC but avoided a technical recession. At this point in time, Australia is no where close to a tech recession and growth has been slow but steady. However, things could change very quickly over the next 6 to 12 months. Clearly the market is predicting a tough period for banks over the next 12 may be even 24 months. In saying that, IMO NAB is potentially an accumulate for long term income investors.
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Looking at dividend history going back 10-12 years, at its worst...
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Last
$37.24 |
Change
-0.450(1.19%) |
Mkt cap ! $115.1B |
Open | High | Low | Value | Volume |
$37.15 | $37.30 | $37.10 | $237.5M | 6.618M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22438 | $37.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.25 | 150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16 | 37.190 |
1 | 200 | 37.110 |
1 | 135 | 37.080 |
2 | 748 | 37.070 |
2 | 780 | 37.010 |
Price($) | Vol. | No. |
---|---|---|
37.250 | 150 | 1 |
37.270 | 45 | 1 |
37.290 | 1000 | 1 |
37.300 | 3462 | 2 |
37.360 | 1500 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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NAB (ASX) Chart |