CBA holds dividend as urgency fades

Original article by James Eyers
The Australian Financial Review – Page: 17 & 20 : 11-Feb-16

Commonwealth Bank shareholders will receive a 2015-16 interim dividend of $A1.98 per share, which equates to a payout ratio of around 70 per cent. The banking major has indicated that its full-year dividend payout will be 70-80 per cent of profits. Meanwhile, CEO Ian Narev says the bank is "very happy" with its current level of capital, and he expects the Australian Prudential Regulation Authority (APRA) to let banks increase their capital levels gradually. The Commonwealth Bank’s common equity tier 1 capital level is now 10.2 per cent, while APRA requires a minimum of eight per cent.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, NORDEA BANK AB, UBS AG

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