CBA shares are still well under the February high of $901.05The slash to the dividend follows an 11.3% slide in cash earnings to $7.296 billion (still an awful lot of money) from $8.221 billion in 2018-19.Revenue rose 0.8% to $23.758 billion for the year to June.Net interest margin for the year eased 2 points to $2.07, despite the Reserve Bank slashing the cash rate to a record low of 0.25% and targeting that rate for the next few years to give funding certainty to banks and customers.Chief executive Matt Comyn said in Wednesday’s release: “While there is continued uncertainty about the duration and impact of the health crisis, Australia is relatively well-positioned. Thursday, 15 October 2020. CBA final dividend numbers. AMP's history is inextricable with that of modern Australia, but has fallen hard as it looks towards a potential break-up.
This is why stock prices typically rise in the lead up to the ex-dividend date and drop immediately after. The firm finished 0.5% lower
ACN 143 840 528. But more importantly, Comyn says less than 20 per cent of the $48 billion in deferred loans are in what CBA classifies as higher risk occupationsHe is also encouraged by the fact 67 per cent of mortgages have a loan-to-value ratio below 80 per cent and points out low interest rates will provide an important buffer to borrowers to manage their way through this crisis.Similarly in business lending, the number of active loan deferrals has fallen from 86,000 to 59,000, or 15 per cent of total business accounts.About 23 per cent of these loans are in higher risk categories. Dividend Summary: COMMONWEALTH BANK OF AUSTRALIA. Thursday, 5 November 2020. The Commonwealth Bank has slashed final dividend for the 2019-20 financial year by more than 50% in the wake of the impact of COVID-19 pandemic and lockdowns. The size of its dividend says Comyn can pull off the trick of supporting the economy and rewarding investors at the same time.Having spent five years in the dog house, CBA is quietly reminding the market and the broader community that bigger is suddenly better when it comes to banks – for customers, for shareholders and for the country.Coronavirus: Need to know. The country’s biggest bank said it would pay a final of 98 cents a share, 57% down from the $2.31 paid in the previous two years. Matt Comyn says CBA's balance sheet has never been in better shape. The daily resource for hands-on investors. Our daily reporting, in your inbox.Follow the topics, people and companies that matter to you.Futures up 0.4pc after European markets rise despite a resurgence in virus case counts; AMP credit ratings cut.I dropped my Chocolate Firecracker Krispy Kreme doughnut in indignation on reading that doctors should not call overweight patients 'chubby' lest it upset them.Australia in 2016 put on hold talks with Taiwan on a free trade agreement because of Chinese opposition, but some government MPs want it back on the agenda. The country’s biggest bank said it would pay a final of 98 cents a share, 57% down from the $2.31 paid in the previous two years.With the unchanged interim of $2 a share, the CBA’s total payout for 2019-20 will be $2.98, down nearly 31% from the $4.31 paid the year before.The total payout and final are still a bit higher than the market had been expecting.That news should help lift CBA shares on Wednesday (they closed at $74.70 on Tuesday), despite a massive sell-off in gold on Wall Street overnight.CBA shares have risen more than 35% from the March low of less than $55, as markets have taken the view Australia’s recession will not be as deep as feared. Friday, 15 May 2020. 2020 Final Dividend. The most recent ex-dividend date was 19-08-2020. The world might be in a mess, but CBA is definitely not.“We are fortunate insofar that we entered this in a very strong position,” Comyn told “We feel like we’ve never had a stronger balance sheet … and we feel like we’re well placed for a range of economic scenarios.”The bank’s dividend decision is further supported by the increased detail it has provided about how customers who have requested loan repayment deferrals are travelling.The number of mortgage deferrals has reduced from 154,000 at the peak of the crisis to 135,000 or 8 per cent of CBA’s mortgage accounts.That’s slightly below the industry-wide level of 10 per cent of mortgage customers on deferral. The bank says this “represents a cautious approach to capital management and dividends as we head into a period of economic uncertainty”. It’s also worth noting 30 per cent are making repayments in full, although this is balanced out by the fact 30 per cent are receiving JobKeeper.What has also pleased Comyn – and should reassure investors – is the underlying performance of CBA’s retail bank.Operating income might have only increased by 0.8 per cent to $23.8 billion, but any increase in an environment like this is to be welcome.Growing mortgages at 1.3 times the broader banking system in a competitive market Business lending (including the institutional and markets division) grew at 5.1 per cent, while household deposits grew by $25 billion as transactions surged 25 per cent across the year.Comyn says strong employee engagement, which jumped from 68 per cent in April 2019 to 81 per cent in April 2020, speaks to how the bank has been able to balance support its role as an economic stabiliser during the COVID-19 crisis, and keep grinding out growth.“We certainly feel well positioned and I think those strengths come for the forefront during the period we’ve had. A reverend, a businessman and a wool trader walk into a bar. BHP’s Dividend Reinvestment Plan (DRP) will operate in respect of the FY2020 Final Dividend.
Full terms and conditions of the DRP and details about how to participate can be found at bhp.com.
Ex-dividend date: 19 August 2020; Payment date: 30 September 2020
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