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?

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

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