Hi Reggie
Could not agree with you more. It is paying over $1.80 in dividend over the year. You would haveto invest $72,000 at cash rates to get this sort of return.
If you allow for a risk factor at 6%, then just based on the dividend of $1.8 ANZ is worth $30. Add the imputation of $771 and the true return is $2,571. At 6% this equates to $42.86. And this based solely on the dividend.
Major sell off. Maybe, would not put it past institutions. But why would you? At current prices, a return of 8.6%.
Just my humble opinion of course.
Pear
Ann: ANZ 2015 Full Year Result - Media Release, page-4
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