NAB's Flat Dividend Disappoints Bears at Jarden -- Market Talk
Dow Jones
Nov 06
2243 GMT - National Australia Bank's failure to lift its final dividend disappoints its bears at Jarden. Analysts there say that the decline in the lender's CET1 ratio to 11.70% from 12.35% a year earlier leaves it looking light on highest-quality capital. Bearing that in mind, they tell clients in a note that a dividend of A$0.85--the same amount declared by the bank a year ago--is disappointing. They had wanted to see a A$0.86 dividend. Overall, they think NAB is struggling to justify its lofty valuation of 20 times earnings. Jarden has an underweight recommendation and A$29.00 target price on the stock, which is at A$44.53 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 17:43 ET (22:43 GMT)
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