NAB's Fiscal 2027 Dividend Could Be at Risk -- Market Talk

Dow Jones

Nov 07

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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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. 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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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2025 22:34 ET (03:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"NAB.AU","symbol_name":"NATIONAL AUSTRALIA BANK LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2581219940","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581219940","pubTimestamp":1762486440,"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":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NAB.AU":"NATIONAL AUSTRALIA BANK LTD","BK7511":"ESG概念","BK7135":"综合性银行","BK4207":"综合性银行","NABZY":"National Australia Bank Ltd. (Victoria, Australia)"},"translate_title":"NAB 2027财年股息可能面临风险——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NAB.AU":0.9,"NABZY":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2025 22:34 ET (03:34 GMT)\n\n\n  Copyright (c) 2025 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"}}}