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CBAUF - Commonwealth Bank Of Australia: Expectations Of Higher Dividends Priced In
Cmnwlth Bk Australia
There are expectations of higher FY 2021 dividends for CBA, considering a removal of dividend caps by regulators and the bank's strong capital position.
CBA is seeing positive signs of recovery with loan growth on a QoQ basis in 1Q 2021 and loan deferrals declining substantially by September 2020.
CBA trades at 19.4 times consensus forward FY 2021 (YE June) P/E and 2.2 times trailing P/B, and it offers a consensus forward FY 2021 of 3.4%.