I agree and disagree.
I think the main issue is because of the imputation system and management greed, there is a tendency to pay out the majority of net earnings as dividends so that execs and short-sighted shareholders (like dividend investors on HC) can get their hands on franked divvies.
Labor costs can and should be high where a sector is becoming successful - the wages in U.S/Canadian tech & healthcare are very high. Life shouldn't just be about corporations generating 20% TSRs while the rest of us work on $50k wages.
Ann: WBC 1Q22 Update release, page-43
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Last
$28.99 |
Change
0.400(1.40%) |
Mkt cap ! $100.3B | |||
| Open | High | Low | Value | Volume |
| $28.80 | $29.02 | $28.77 | $146.2M | 5.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 832 | $28.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.00 | 61910 | 47 |
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| WBC (ASX) Chart |