Business
Dividend rise, buybacks likely at CBA – The Australian Financial Review
Analysts’ reports suggest a 50 per cent higher distribution by the bank is a foregone conclusion ahead of possible buybacks before the year is out.
The removal of the cap however is just one piece of a complex puzzle.
Reflecting the uncertainty that remains, forecasts for the first half distribution range from $1.10 to $1.65 as analysts grapple with the interplay between profits, provisions and a sustainable payout ratio.
We believe that banks could create more value for shareholders by targeting a higher sustainable medium-term payout ratio.
Richard Wiles, Morgan Stanley
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