Price is running up much earlier in the dividend cycle than it usually does. Not sure if that is because of the positive broker report that came out in June but if it is price might break above $3.50 this time and maybe even move towards $4. Longer term (aka 2016) the broker report is very positive for EPS growth due to expanding into the NSW and Vic markets.
Dividend yield is now around the 6% which is getting close to my sell threshold for a value/non-growth stock. But the market seems to be expecting solid dividend growth so it could be worth hanging on for the ride. Any other Hot Copperites out there riding this here buckin' bronco?
Price is running up much earlier in the dividend cycle than it...
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