News: CBA CBA Declares Interim Dividend Of 150 Cents Per Share

Feb 10 (Reuters) - Commonwealth Bank of Australia (CBA) :

• DECLARES INTERIM DIVIDEND OF 150 CENTS PER SHARE
• HY CASH NPAT $3,886 MILLION
• HY STATUTORY NET PROFIT AFTER TAX FROM CONTINUING OPERATIONS DECREASED $675 MILLION OR 15.2% TO $3,777 MILLION
• CET1 RATIO 12.6% AT DEC-END
• HY NET INTEREST MARGIN 2.01%
• TROUBLESOME AND IMPAIRED ASSETS UP TO $8,195 MILLION AT DEC-END
• HY LOAN IMPAIRMENT EXPENSE $882 MILLION
• LOAN IMPAIRMENT PROVISIONS WERE INCREASED IN THE HALF TO $6.8 BILLION
• AT JAN 31, ABOUT 25,000 HOME LOANS IN DEFERRAL
• HY NET INTEREST INCOME FROM CONTINUING OPERATIONS $9,371 MILLION VERSUS $9,350 MILLION
• EXPECTS DRP FOR INTERIM DIVIDEND FOR HY WILL BE SATISFIED IN FULL BY ON-MARKET PURCHASE OF SHARES OF ABOUT $399 MILLION
• "LOW INTEREST RATE ENVIRONMENT WILL CONTINUE TO PUT PRESSURE ON REVENUE"
• TARGET FY DIVIDEND PAYOUT RATIO OF 70% TO 80% OF CASH NPAT

Source text https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02339533

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