I would imagine this will be the default dividend going forward. The Board would have deliberated quite a lot to cut it this much and will no doubt wear a lot of flack from shareholders about (further) wealth destruction. They won't want to do it again in a hurry. My guess is that this is a "clearing the decks" type of cut, It would take a significant downturn for a further cut from this level. That said if economic conditions deteriorate and/or further regulation is imposed (eg increasing CET requirements, increasing the 'bank levy") a further cut is possible but I would imagine the Board sees 83c (166c annually) as the new norm. Its around 70-75% payout ratio and at current share price 6.4-6.5%ff.
I would imagine this will be the default dividend going forward....
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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 |