warning on 200 billion dollar asx slump, page-29

"You've just made an excellent argument for why we should all leave the country so we can invest in Australian companies and collect lovely cap gains which greatly outweigh miserable divvies. And why not move to Singapore where there's no CGT at all? "



Who said you cant make Capital Gains on Australian stocks ?
The simple fact is that it is tax-efficient from the shareholders point of view to receive franked dividends (unlike the US for instance) therefore companies here pay higher dividends.

As for dividends, a CBA shareholder who bought at $5.40 in 1991, now receives a 100% (gross) dividend yield on his original investment *each year*, a yield which rates to rise going forward.

This hasnt stopped CBA delivering a 1,000% Capital Gain as well.