Commonwealth Bank will pay shareholders a $2.25 per share dividend, 5 per cent higher than last year, after generating a small rise in first-half earnings.
Commonwealth Bank of Australia has hiked its dividend after delivering a $5.1 billion first-half cash net profit, up 2 per cent from a year ago, against a weaker economic backdrop. Australia's largest bank will pay shareholders a dividend of $2.25 per share, fully franked, up 5 per cent from a year ago. CBA's net interest margin, a key gauge of profitability, was broadly stable at 2.08 per cent, up 0.02 per cent from a year ago.
CEO Matt Comyn said on Wednesday: "Through supporting our customers and investing in our franchise, we have been able to deliver solid results for our shareholders despite the weaker economic backdrop." "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.
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