ANZ shouldn't be paying a first-half dividend: UBS

Thu, 20 Aug 2020

ANZ Bank's Australian parent shouldn't by paying a first-half dividend, according to UBS analyst Jonathan Mott. "With around a third of the Australasian population still locked in their homes across Victoria and greater Auckland, the deepest recession in a lifetime with 12 percent of mortgages and 14 percent of business loans still on repayment deferral, we question whether this is prudent," Mott said. Westpac's Australian parent did the right thing by deciding not to pay a dividend but the decision by ASB Bank's parent, Commonwealth Bank...

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