i've held nab for yonks. I dont see them cutting the divi any time soon. Quite the contrary, they just announced a record profit and increased the dividend by a healthy margin. Thier balance sheet is not that affected by the current turmoil as it stands, and provisions have been made for doubtful debts and so are most likely already factored in to SP. Really i see v little risk in aussie banks if you are a long term holder. Sure they very well may continue to bleed for the next 6 months, but at some point the credit crisis will pass, and investors will realise the banks never stopped doing what they do, and that they are great value. NAB is off an amazing 43% from its highs, so there are defineately bargains to be had. I dont mind as my DRP price has/is being calculated at the moment, meaning im picking up bargains too.
