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From BOQ just now:
Meanwhile, NAB graciously accepts defeat:
NAB’s board will take APRA’s guidance into account when it considers NAB’s 2020 interim dividend settings as part of the half year results process.
While Mad Macquarie is busy trying to game it:
Macquarie will work through the details of APRA’s recommendations as Macquarie’s board considers final FY20 dividend amounts and any other relevant measures with appropriate consideration to APRA’s guidance.
That screaming noise you can hear is the collective shriek of a million pampered baby boomers who knew that nothing could ever go wrong with Aussie bank divis.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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