Hi All,
At the share price of $30.63, Westpac shares currently have a grossed-up dividend yield of 8.7%. This is very high when compared to term deposit rates of about 2.3%. So why is the Westpac share price & that of the other banks falling?
Is it the Royal Commission, worries about the housing market or worries about the US bond market & increased funding costs?
Cheers.
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Last
$33.47 |
Change
-0.010(0.03%) |
Mkt cap ! $114.5B | |||
| Open | High | Low | Value | Volume |
| $33.25 | $33.68 | $33.08 | $183.3M | 5.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $33.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.47 | 14650 | 3 |
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| WBC (ASX) Chart |