Business
CBA poised for dividend hike as strong housing market drives recovery – Sydney Morning Herald
Investors are hopeful the Commonwealth Bank will crank up dividends and reveal lower bad debt charges this week
The consensus expectation among analysts is for CBA to pay an interim dividend of $1.45, which would still be lower than last years interim dividend of $2, but a significant lift on the 98c payment from the June half.
The market is also looking for guidance from chief executive Matt Comyn on CBAs capital management plans, with some expecting he could signal the banks intent to launch a share buyback later this year or next year.
A principal at fund manager Alphinity, Andrew Martin, said CBAs board…
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