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Dr.Bull

638 Posts.

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16/11/18

14:35

Post #: 36533971
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Originally posted by G650er ↑

Originally posted by majushal
IMO given profits are expected to be flat to declining in the next few years the current div is probably unsustainable. 2018 div was 95% payout ratio, prior year was 80% payout.

Assuming 80% payout on current profit would result in a div around 168c. At current share price that is still around 7% ff yield.

Allowing for a 5% slide in eps from 210cps to 200 cps and 80% payout ratio would result in a div of around 160cps - the same as ANZ. That is still roughly 6.7% yield at current prices.

Not to say that things won't get worse than that, but you would have to say a lot of bad news is already built into the share price and crystal balling future divs still gives a healthy yield - fully franked as well.

Will continue to add.
Wrong. The sale of MLC will ensure that the dividend won't be cut. Some sell side analysts are even predicting a share buyback.

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Do u have a link that shows the analysts indicating this.

Because if MLC spin off wont we be getting a cut of the pie?

NAB Price at posting: $23.78 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $39.03		Change 0.575(1.50%)		Mkt cap ! $119.7B

Open	High	Low	Value	Volume
$38.95	$39.09	$38.83	$91.06M	2.338M

Buyers (Bids)

No.	Vol.	Price($)
7	900	$39.02

Sellers (Offers)

Price($)	Vol.	No.
$39.03	3291	4

View Market Depth

No.	Vol.	Price($)
11	1364	38.950
12	2077	38.940
16	4030	38.930
13	3039	38.920
12	2451	38.910

Price($)	Vol.	No.
38.960	535	8
38.970	2840	14
38.980	3325	11
38.990	7637	12
39.000	9769	19

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