National Australia Bank cuts dividend, to raise cash amid pandemic
National Australia Bank Ltd on
Monday said it plans to raise up to A$3.5 billion and increase
provisions to more than A$2 billion to guard against a hit from
the coronavirus pandemic, and slashed its interim dividend by
64% to save cash.
Monday said it plans to raise up to A$3.5 billion and increase
provisions to more than A$2 billion to guard against a hit from
the coronavirus pandemic, and slashed its interim dividend by
64% to save cash.
Posted by Reuters
