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
$35.02 |
Change
0.010(0.03%) |
Mkt cap ! $108.6B | |||
| Open | High | Low | Value | Volume |
| $34.95 | $35.09 | $34.83 | $294.6M | 8.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8034 | $34.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.03 | 18161 | 6 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$35.02 |
Change
0.010 ( 0.12 %) |
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| Open | High | Low | Volume | ||
| $34.97 | $35.09 | $34.86 | 361447 | ||
| Last updated 16.10pm 14/06/2024 ? | |||||
| NAB (ASX) Chart |