National Australia Bank Ltd
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NAB Details
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Strong dividend yield: National Australia Bank Ltd. (ASX: NAB) stock has plunged over 3% on May 17, 2016 while the group shares currently fall under “Ex-dividend” category with shareholders getting upcoming dividends. Moreover, the group issued HK$1,137,000,000 subordinated notes due 2026.
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Recommendation: We believe that the above fall is a temporary momentum and the stock would recover in the coming months. NAB also has a solid dividend yield. We maintain our “Buy” recommendation on the stock at the current price of $29.02
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Project Investment Spend (Source: Company Reports)
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