With the market in such a negative mood it wouldn't surprise me if its SP went down into the $12's. But if ANZ maintains the current div @ 1.36 p/a, the annual ROI is around 10% fully franked.
That's like getting 13% in a fixed term account. Maybe instead of putting your money in the bank, buy shares in the bank instead.
I'm going to have a look at the other banks too. I agree with another poster today, don't try to pick the bottom. If a stock is a good buy, its a good buy.
IMHO it looks very juicy :P
a super buy
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Last
$29.59 |
Change
0.400(1.37%) |
Mkt cap ! $88.78B | |||
| Open | High | Low | Value | Volume |
| $29.51 | $29.70 | $29.37 | $169.6M | 5.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1149 | $29.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.59 | 12028 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |