0334 GMT - National Australia Bank might have to cut its dividend in fiscal 2027, Macquarie analysts warn. They tell clients in a note that NAB's thin capital buffer, high payout ratio and solid growth in risk-weighted assets present downside risk to the dividend. They see no immediate threat for the lender's current fiscal year, which began Oct. 1, but say its most recent annual result supported their long-held concerns about payout sustainability. The Macquarie analysts expect flat bad and doubtful debts in the current fiscal year and say NAB is well provisioned relative to peers. Macquarie raises its target price by 2.6% to A$39.00 and stays neutral on the stock, which is up 0.9% at A$43.465. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 06, 2025 22:34 ET (03:34 GMT)

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