A bit high risk buying for the dividend right now but many people do... A good strategy that I found works if you want the dividend is make you're buy 6 to 8 weeks before on the dips, the run up until it goes ex dividend will give you some growth return and a chance to dump either before ex date or after with a good return. I suspect next Tuesday will see some heavy dumping of CBA shares and others in the sector. If there is no pullback sometime next week I would be getting pretty concerned logic has gone further out the window in the chase for yield.
Also a few thousand shares will set you back close to 200k maybe you should consider spreading the risk instead of piling it all in one share.
CBA Price at posting:
$93.15 Sentiment: Hold Disclosure: Held
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