Good luck to the buyer at today's high who will be getting 4.9% grossed up dividend yield, assuming CBA increase the final dividend from $2.40 to $2.50.
If & when the share price rise reverses, the buyer will be losing capital & receiving dividends less than interest on cash in bank at call.
The shares are currently far too expensive, based on the estimated 10 cents increase in the final dividend. The interim increase was 5 cents & I would think the final increase would be 10 cents. It would take a 20 cents increase to bring the grossed up dividend to 5% & even that is below interest on cash in bank at call.
CBA TA update, page-1021
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Last
$149.79 |
Change
0.470(0.31%) |
Mkt cap ! $250.6B | |||
| Open | High | Low | Value | Volume |
| $149.30 | $150.35 | $148.86 | $301.3M | 2.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 450 | $149.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $149.80 | 350 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |