ANZ pays 10% in Dividends, page-102

SYDNEY/WELLINGTON, Jan 28 (Reuters) - Australian shares bucked a poor performance by Wall Street to edge 0.6 percent higher on Thursday, aided by a hunt for dividend yield and more merger action.
The S&P/ASX 200 index (xjo) recouped early losses to rise 31 points to 4,977 by the mid session. An overnight bounce in oil prices also provided a little relief to a heavily battered energy sector, which gained 1.8 percent.
Ports and rail giant Asciano (AIO) climbed 3 percent after Qube Holdings Ltd (QUB) made an A$8.9 billion ($6.25 billion) offer for group.
The A$9.17-per-share cash and shares offer beats a A$9.10 offer from Canada's Brookfield Asset Management Inc , which Asciano has already said it supports.
Australia and New Zealand Banking Group (ANZ) was the largest contributor to the increase in the overall index, rising 1.5 percent in the wake of a management shake-up.
Banks have also been in demand for their high dividend yield.
Evan Lucas, a market strategist at IG, noted the ASX as a whole currently offered a yield of 5.27 percent compared with a return on Australian 10-year bonds of 2.67 percent and just 2 percent for U.S. 10-year paper.
"The yield attraction is clearly building, " said Lucas. "I am positive the ASX will hold the 4,850 point level - fundamentals suggest value will overwhelm the bear trade at this point."
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Charts show me ;   If  ANZ closes Over 24.16   = Bullish