CBA to Keep Pushing Payout Ratio Toward Top End of Target Range -- Market Talk

Dow Jones

Feb 04

2129 GMT - Commonwealth Bank of Australia is likely to keep pushing its dividend payout ratio toward the top end of its 70%-80% target range, says Jefferies. That's despite payout ratios among Australian banks being too high, and likely to reset lower over time. Analyst Andrew Lyons says CBA's capital position is strong. Also, CBA's actual payout ratio is closest to its sustainable level. "Furthermore, we will be keen to see whether the Board seeks alternative methods of returning surplus capital to shareholders," Jefferies says. CBA's share price has fallen 14% to A$153.08 since early November. But the company hasn't restarted its on-market share buyback. Jefferies has an underperform call and A$139.60 price target on CBA. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 03, 2026 16:29 ET (21:29 GMT)

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That's despite payout ratios among Australian banks being too high, and likely to reset lower over time. Analyst Andrew Lyons says CBA's capital position is strong. Also, CBA's actual payout ratio is closest to its sustainable level. \"Furthermore, we will be keen to see whether the Board seeks alternative methods of returning surplus capital to shareholders,\" Jefferies says. CBA's share price has fallen 14% to A$153.08 since early November. But the company hasn't restarted its on-market share buyback. Jefferies has an underperform call and A$139.60 price target on CBA. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2026 16:29 ET (21:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CBA to Keep Pushing Payout Ratio Toward Top End of Target Range -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCBA to Keep Pushing Payout Ratio Toward Top End of Target Range -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-04 05:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2129 GMT - <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a> is likely to keep pushing its dividend payout ratio toward the top end of its 70%-80% target range, says Jefferies. That's despite payout ratios among Australian banks being too high, and likely to reset lower over time. Analyst Andrew Lyons says CBA's capital position is strong. Also, CBA's actual payout ratio is closest to its sustainable level. \"Furthermore, we will be keen to see whether the Board seeks alternative methods of returning surplus capital to shareholders,\" Jefferies says. CBA's share price has fallen 14% to A$153.08 since early November. But the company hasn't restarted its on-market share buyback. Jefferies has an underperform call and A$139.60 price target on CBA. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2026 16:29 ET (21:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBA.AU","symbol_name":"COMMONWEALTH BANK OF AUSTRALIA","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608738389","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608738389","pubTimestamp":1770154140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2129 GMT - Commonwealth Bank of Australia is likely to keep pushing its dividend payout ratio toward the top end of its 70%-80% target range, says Jefferies. That's despite payout ratios among Australian banks being too high, and likely to reset lower over time. Analyst Andrew Lyons says CBA's capital position is strong. Also, CBA's actual payout ratio is closest to its sustainable level. \"Furthermore, we will be keen to see whether the Board seeks alternative methods of returning surplus capital to shareholders,\" Jefferies says. CBA's share price has fallen 14% to A$153.08 since early November. But the company hasn't restarted its on-market share buyback. Jefferies has an underperform call and A$139.60 price target on CBA. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBA.AU":"COMMONWEALTH BANK OF AUSTRALIA","BK7135":"综合性银行"},"translate_title":"CBA将继续将派息率推向目标范围的上限——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBA.AU":0.9},"content_text":"2129 GMT - Commonwealth Bank of Australia is likely to keep pushing its dividend payout ratio toward the top end of its 70%-80% target range, says Jefferies. That's despite payout ratios among Australian banks being too high, and likely to reset lower over time. Analyst Andrew Lyons says CBA's capital position is strong. Also, CBA's actual payout ratio is closest to its sustainable level. \"Furthermore, we will be keen to see whether the Board seeks alternative methods of returning surplus capital to shareholders,\" Jefferies says. CBA's share price has fallen 14% to A$153.08 since early November. But the company hasn't restarted its on-market share buyback. Jefferies has an underperform call and A$139.60 price target on CBA. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2026 16:29 ET (21:29 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}