CBA Dividend Dates 2023 – The Commonwealth Bank of Australia (CBA), commonly referred to as CommBank, stands as a prominent Australian multinational financial services corporation headquartered in Sydney, Australia. Recognized as one of the “Big Four” banks in Australia, alongside National Australia Bank, ANZ Bank, and Westpac Banking Corporation, CBA offers an extensive array of financial solutions tailored to individuals, businesses, and institutional clients:
Services Offered:
| Sector | Services |
|---|---|
| Consumer Banking | Savings and transaction accounts, mortgages, personal loans, credit cards, insurance services |
| Business Banking | Commercial lending, cash management, trade finance, financial risk management solutions |
| Institutional Banking | Financial products and services tailored for corporations, governments, financial institutions |
Financial Performance Overview:
Renowned for its strong presence in the Asia-Pacific region, CBA demonstrated notable growth in 2023, reflecting positively on its share price and overall financial performance. As of March 5, 2024, CBA boasts a market capitalization of AUD 195.84 billion, coupled with a dividend yield of 3.51%.
Additional Insights:
| Attribute | Details |
|---|---|
| Founded | 1817 |
| Website | https://www.commbank.com.au/ |
| Stock Code | ASX: CBA |
In essence, CBA stands as a cornerstone of the Australian financial landscape, playing a significant role in both local and global financial markets.
CBA dividend dates for 2023:
| Date | Event | Dividend (AUD per Share) |
|---|---|---|
| August 16, 2023 | Ex-Dividend Date | – |
| August 17, 2023 | Record Date | – |
| September 28, 2023 | Payment Date | 2.40 |
| February 22, 2023 | Ex-Dividend Date | – |
| February 23, 2023 | Record Date | – |
| March 30, 2023 | Payment Date | 2.10 |
CBA Share Overview: 2023
The Commonwealth Bank of Australia (CBA) witnessed a favorable performance in 2023, marked by notable growth in its share price and overall financial metrics. Here’s a concise overview of the key highlights:
Share Price:
| Date | Price (AUD) |
|---|---|
| January 3, 2023 | A$93.25 |
| December 29, 2023 | A$111.80 |
| Year-over-year growth | +19.63% |
Dividends:
- CBA distributed two fully franked dividends throughout 2023:
- Interim dividend: A$2.10 per share, paid on March 30, 2023.
- Final dividend: A$2.40 per share, distributed on September 28, 2023.
- Taking dividends into account, the total return for CBA shareholders in 2023 approximated 23.43%.
| Dividend Type | Amount per Share (AUD) | Payment Date |
|---|---|---|
| Interim dividend | A$2.10 | March 30, 2023 |
| Final dividend | A$2.40 | September 28, 2023 |
Financial Performance:
- CBA reported a noteworthy 13% increase in its operating income for the fiscal year 2023, ending on June 30, 2023.
- Cash net profit after tax also demonstrated a respectable 6% upturn compared to the preceding year.
- The bank maintained a robust capital position, boasting a Common Equity Tier 1 (CET1) ratio of 11.4%.
| Metric | Percentage Increase/Value |
|---|---|
| Operating Income | 13% increase |
| Cash Net Profit After Tax | 6% increase |
| Common Equity Tier 1 (CET1) Ratio | 11.4% |
Factors Underpinning Positive Performance:
- Strong Australian economy: The commendable performance of the Australian economy throughout 2023 positively impacted the banking sector, including CBA.
- Increased lending activity: CBA experienced growth in its loan portfolio, resulting in augmented income generation.
- Effective cost management: Implementation of successful cost-reduction strategies bolstered the bank’s profitability metrics.
Here’s the table summarizing CBA’s share information and dividend history:
| Metric | Value |
|---|---|
| Market Capitalization (Mkt Cap) | AUD 195.84 billion |
| Price-to-Earnings Ratio (P/E Ratio) | 16.23 (based on 2023 earnings) |
| Dividend Yield | 3.51% (based on last 12 months) |
| 52-week High | AUD 118.70 |
| 52-week Low | AUD 90.80 |
CBA Dividends:
| Year | Interim Dividend | Final Dividend | Total Dividend |
|---|---|---|---|
| 2022 | A$1.80 per share (March 24, 2022) | A$2.10 per share (September 29, 2022) | A$3.90 per share |
| 2023 | A$2.10 per share (March 30, 2023) | A$2.40 per share (September 28, 2023) | A$4.50 per share |
| 2024 | Not available yet | Not available yet | Not available yet |
Note: CBA typically announces its interim dividend in May and the final dividend in November for the fiscal year.
Disclaimer:
The information in this article is solely the author’s opinion and does not constitute investment advice; it is provided solely for educational purposes. By using this, you acknowledge that the information does not constitute investment or financial advice. Before making any investment decisions, do your own research and consult with financial advisors.
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Hello, my name is Ashish Deotale and I am the author of this blog. We share information about Stock Prediction Bitcoin Ethereum Crypto news, price analysis on this blog.