Original article by Lucas Baird
The Australian Financial Review – Page: 29 : 3-May-19

National Australia Bank reduced its interim dividend by 16 per cent on 2 May, but Andrew Martin of Alphinity Investment Management does not expect further dividend cuts in the banking sector. He adds that a credit crunch would be a key driver for any future dividend cuts. Prasad Patkar of Platypus Asset Management says the ‘golden era’ for Australian bank shares ended in the wake of the global financial crisis, rather than the Hayne royal commission, and investors should consider other investment options.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, PLATYPUS ASSET MANAGEMENT PTY LTD, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC