Yes, but as has been said so many times already, since TLS and the banks etc are bought for and priced on their yield then likely they will still be yielding 6% if they hit $1 a share.
In other words the falling share prices are reflective of the markets expectation of falling dividends in $ terms.
So if you are buying for %age yields in this market you will most likely lose on dividend $'s AND share price (but you will still be getting your 6% or whatever...).
Its a pea and thimble trick that works well for the brokers as it sucks in older retirees who need dividend yields for income.
6% fully franked dividend?, page-3
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Last
$3.62 |
Change
0.010(0.28%) |
Mkt cap ! $41.82B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.65 | $3.62 | $65.42M | 18.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1092958 | $3.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.63 | 167188 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TLS (ASX) Chart |