NAB 1.34% $38.97 national australia bank limited

I am in, page-33

  1. 88 Posts.
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    Next dividend announcement a bit of a way off, 2 May 2019. Will be a long time now between dividend payments (given the stock is now Ex dividend), if you buy today- next payment of dividend is 3 July 2019. Lot of people take the money off the table for the almost 8 month dividend drought.


    Still think is a buy, at these prices. Stock is being rotated out, and out of favour post RC. These are massive profit making machines that, if required, can aggressively cut costs- go online (a la U Bank- owned by NAB), reduce services, close retail facilities and push interest rates up "out of cycle".


    Governments might whinge, but a strong banking system its in everyone's interest. Even Labor defended them aggressively in the GFC.



 
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