Australia's largest bank, Commonwealth Bank (CBA), announced a $5.13 billion profit for the first half of the 2025 financial year, exceeding market expectations. This strong performance led to a substantial interim dividend of $2.25 per share, representing a 73% payout ratio and a 5% increase from the previous year. The dividend will be distributed on March 28th, providing a multi-billion-dollar windfall to many Australian shareholders. CBA CEO Matt Comyn acknowledged the ongoing cost-of-living pressures faced by Australians but emphasized the bank's commitment to supporting its customers and delivering solid results for shareholders.
Aussies will be delivered billions in dividends as the nation’s largest bank pays its shareholders from a windfall profit in the first half of the 2025 financial year.
Many Aussies will be looking at a multi-billion-dollar windfall next month as CBA delivers its massive interim dividend. Picture: Getty Images “Our consistent financial performance demonstrates our disciplined operational and strategic execution, and the bank’s deep customer relationships that help us understand needs and risks and deliver superior digital experiences.”Interest rates have remained at 4.35 per cent since November 2023, while the cumulative impacts of post-pandemic inflation mean everyday goods on average cost about 20 per cent more than in 2020.
It comes as GDP rose just 0.8 per cent for the 12 months to September 2024 and dropped 1.5 per cent per capita. He noted that underlying inflation – the RBA’s preferred measure which removes volatile price changes – has decreased from its post-Covid highs and led to improvements in consumer confidence.inflation had dropped by 0.4 per cent“Underlying inflation is now moderating towards the target range and we expect Australia will follow offshore economies with an easing cycle starting in 2025,” the CBA boss said.
DIVIDENDS PROFIT CBA AUSTRALIA COST-OF-LIVING
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