Even their 30c HY dividend is 3.4% annulised and 4.8% if you can use the franking credit effectively. I believe the government & the banks will be working hand in hand over the next few years to minimise the number of home loan defaults although there will obviously be more than normal base level until the economy improves.
NAB Price at posting:
$17.65 Sentiment: Buy Disclosure: Held
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