Gross dividends now easily eclipse the IPO price for CBA on an annual basis. It would be hard to find an investment manager that could match the compounding performance of this bank for much shorter periods, let alone 33 years.
Yet commentators never stop talking about how overvalued it is. Every stumble or market downturn hasn't proven the detractors right they've just proven how resilient this business is. It's a long time since this country rode on the sheep's back, it's now hitched to the homeowners mortgage.
I will be surprised if in another 30 years a good investment strategy today wouldn't have been to simply hold CBA and check the dividends every 6 months.
Gross dividends now easily eclipse the IPO price for CBA on an...
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Last
$115.23 |
Change
0.230(0.20%) |
Mkt cap ! $192.8B | |||
| Open | High | Low | Value | Volume |
| $115.76 | $115.76 | $114.74 | $139.6M | 1.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $115.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.25 | 105 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$115.15 |
Change
0.230 ( 0.07 %) |
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| Open | High | Low | Volume | ||
| $115.54 | $115.73 | $114.75 | 327116 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CBA (ASX) Chart |