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Home General News CBA pays smaller divdend as COVID-19 bites

CBA pays smaller divdend as COVID-19 bites

Commonwealth Bank boss Matt Comyn says the lender entered the coronavirus pandemic in a very strong position but has been impacted nonetheless.

The bank has reported a bottom-line net profit of $9.6 billion for 2019/20, a 12.4 per cent increase on the previous year.

But its cash net profit from continuing operations, which excludes proceeds from asset sales, came in at $7.3 billion, down 11.3 per cent.

CBA will pay its 900,000 shareholders a final dividend of 98 cents per share, taking the…

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