NAB Posts Better Than Expected FY Profit

The transcript discusses National Australia Bank's (NAB) financial performance, highlighting a 4% increase in cash profit, driven by domestic banking and wealth management. Despite challenges like increased bad debt charges and squeezed net interest margins, NAB maintained a healthy dividend. The market reacted positively, with shares rising 2%. Goldman Sachs' prediction of a tough earnings season for Australian banks was proven wrong, although NAB's net profit fell 94% due to asset sales. The transcript concludes with a discussion on the sustainability of NAB's dividends and the impact of higher funding costs.

What is the dividend per share announced by NAB?

What was the net profit decrease percentage for National Australia Bank?