Business
ASX stutters; lockdowns hit banks, travel; defensives up – The Australian Financial Review
The ASX has avoided heavier falls to close flat; restrictions have seen banks and travel slide as online retail rises; CBA dividend payout tipped at 50pc.
Commonwealth Bank is expected to declare an 85¢-per-share dividend when it reports its full year results on Wednesday next week, according to JPMorgan’s Andrew Triggs.
The results release is expected to reveal a cash net profit after tax from continuing operations of $7.44 billion, down 9 per cent on 2019, according to JPMorgan’s estimates.
NAB is the only bank not due to issue a dividend announcement in the reporting period after choosing to pay a reduced interim dividend. Jesse Marlow
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