Commonwealth Bank: Cranking up the dividend

About the author:

Nathan Lead
Author name:
By Nathan Lead
Job title:
Senior Analyst
Date posted:
10 August 2023, 8:00 AM
Sectors Covered:
Infrastructure, Utilities, Banks

  • While Commonwealth Bank (ASX:CBA) delivered a mild beat of expectations for 2H23 (declining) earnings, the continuing asset quality strength and capital management initiatives (material uplift in dividend, new $1bn share buyback) were also noteworthy.
  • Forecast changes are relatively minor (earnings downgraded, DPS upgraded). Target price reduced to (login to view). Cash yield forecast 4.3%. HOLD retained.

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