Hi All,
At the share price of $30.63, Westpac shares currently have a grossed-up dividend yield of 8.7%. This is very high when compared to term deposit rates of about 2.3%. So why is the Westpac share price & that of the other banks falling?
Is it the Royal Commission, worries about the housing market or worries about the US bond market & increased funding costs?
Cheers.
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Last
$33.30 |
Change
-0.490(1.45%) |
Mkt cap ! $113.9B | |||
| Open | High | Low | Value | Volume |
| $33.48 | $33.70 | $33.21 | $126.7M | 3.801M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1250 | $33.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.32 | 2000 | 1 |
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| WBC (ASX) Chart |