"but I personally believe the dividend is not worth the investment"
Very naive.
You are talking about a company which has not missed a dividend in 100 years.
And ceratinly in the past year or two they have returned sh*itloads of cash to shreholders in the form of off-market buy-backs, which for resident shareholders were in the form of fully franked dividends.
You may not understand the nuances of capital management, but I want my companies to pay sustainable growing dividends but also REINVEST for growth. They did buy WMR, did they not ?
For instance, why should I want WOW to pay me a higher didvidend when they can reinvest cash in, say, opening a new supermarket ? WOW achieve 30% return on capital, and last time i looked the interest rate on Commonwealth bank Passbook accounts was 1.5%.
dare you to short this..., page-7
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Last
$42.78 |
Change
0.140(0.33%) |
Mkt cap ! $217.0B | |||
| Open | High | Low | Value | Volume |
| $42.25 | $42.97 | $42.14 | $223.0M | 5.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10160 | $42.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.79 | 5000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |