The CBA yield, as I mentioned previously, on yesterday's high of $145.24 is 3.2% then I allowed for franking to make the grossed-up yield 4.57%.
An individual can deposit cash in a St George incentive saver account & receive 5.15%, paid monthly, which calculates to 5.27% annually.
A CBA shareholder now has the risk of a fall in the share price which appears to be over extended.
Although I have sold 2,000 CBA shares, I still hold another 700. I have an order to sell another 200 from my super fund but will refrain from selling the other 500 as they are in my name & would attract 100% capital gains tax as they were bought in this financial year.
CBA Price at posting:
$143.77 Sentiment: Sell Disclosure: Held
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