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BRIEF-CBA Declares Interim Dividend Of 150 Cents Per Share

Published 10/02/2021, 08:00 am
Updated 10/02/2021, 08:06 am
© Reuters.
CBA
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Feb 10 (Reuters) - Commonwealth Bank of Australia CBA.AX :

* DECLARES INTERIM DIVIDEND OF 150 CENTS PER SHARE

* HY CASH NPAT $3,886 MILLION

* HY STATUTORY NET PROFIT AFTER TAX FROM CONTINUING OPERATIONS DECREASED $675 MILLION OR 15.2% TO $3,777 MILLION

* CET1 RATIO 12.6% AT DEC-END

* HY NET INTEREST MARGIN 2.01%

* TROUBLESOME AND IMPAIRED ASSETS UP TO $8,195 MILLION AT DEC-END

* HY LOAN IMPAIRMENT EXPENSE $882 MILLION

* LOAN IMPAIRMENT PROVISIONS WERE INCREASED IN THE HALF TO $6.8 BILLION

* AT JAN 31, ABOUT 25,000 HOME LOANS IN DEFERRAL

* HY NET INTEREST INCOME FROM CONTINUING OPERATIONS $9,371 MILLION VERSUS $9,350 MILLION

* EXPECTS DRP FOR INTERIM DIVIDEND FOR HY WILL BE SATISFIED IN FULL BY ON-MARKET PURCHASE OF SHARES OF ABOUT $399 MILLION

* "LOW INTEREST RATE ENVIRONMENT WILL CONTINUE TO PUT PRESSURE ON REVENUE"

* TARGET FY DIVIDEND PAYOUT RATIO OF 70% TO 80% OF CASH NPAT

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