Outside of margin/revenue loss, don't neglect the current cash rate.
In the early 1990's it was well over double digits, today it is 3.75% (I think), rumuored to go one more notch down.
So 6% div on a bank is pretty attractive right now when compared to today's cash rate ... even better if you can gross it up (super funds, low income earner).
No issue if the fundamentals of the business deteriorate, the capital will disappear way faster than the dividend can cover!! Stop losses must be applied against your capital.
Phil
Phil
cba target price, page-22
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Last
$155.61 |
Change
2.590(1.69%) |
Mkt cap ! $260.4B | |||
| Open | High | Low | Value | Volume |
| $153.00 | $157.28 | $152.42 | $366.7M | 2.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3587 | $155.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $155.61 | 17634 | 6 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |