The real question is to what extent a div cut/profit fall is already factored into the current share price. A 10% cut in the div would save NAB about $530m pa, enough to cover the provision. At current prices it would also equate to 7% ff div. So arguably that is already built in and there shouldn't be much impact on the share price. Anything greater than that might "surprise" the market and result in a further sell down. Given the wording of the announcement re the div, NAB may take a leaf out of ANZs book and formally set a (lower) target payout ratio.
The real question is to what extent a div cut/profit fall is...
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Last
$33.79 |
Change
-0.010(0.03%) |
Mkt cap ! $104.8B | |||
| Open | High | Low | Value | Volume |
| $33.41 | $33.97 | $33.41 | $102.8M | 3.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2900 | $33.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.89 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$33.84 |
Change
-0.010 ( 0.18 %) |
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| Open | High | Low | Volume | ||
| $33.41 | $33.97 | $33.41 | 812684 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| NAB (ASX) Chart |