Chanticleer

When the war is over, CBA juices up the dividend

CBA has thrown shareholders a bone. In a year when it didn’t make record profits, it announced a record dividend. Take note.

Aug 14, 2024 – 3.23pm

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You will not hear Commonwealth Bank boss Matt Comyn shout it from the rooftops, but the worst of the mortgage war is over.

And while it is an uneasy truce – Comyn told analysts he was worried about another little outbreak last month – CBA emerged relatively unscathed, doing enough to protect its 25 per cent market share (a line in the sand) but not too much to damage its reputation for keeping its head on margins.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.