It is true, there have been previous pullbacks but the rapid rise in the share price this time does not coincide with a similar rapid rise in earnings & dividends.
The likelihood of a catch up in earnings & dividends to maintain a higher yield looks remote.
The technical wave count, on this occasion, indicated that the share price was going to peak & a significant correction was going to occur. Technical indicators confirmed the wave count.
The current annual dividend is $4.65 (yield @ $145.24 high = 3.2%) & to make a new high with a 4% yield, the dividend would need to be $5.80 & that is not going to happen any time soon. For that matter, a 3.5% yield at the high would need an annual dividend of $5.08.
Current shareholders will be stuck with an underperforming stock with low yield & little chance of capital appreciation unless earnings & dividends can rise faster than expected.
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Last
$188.60 |
Change
4.250(2.31%) |
Mkt cap ! $314.7B | |||
| Open | High | Low | Value | Volume |
| $185.19 | $188.60 | $184.95 | $298.0M | 1.591M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1166 | $207.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $169.74 | 37918 | 5 |
View Market Depth
| Last trade - 15.59pm 24/06/2025 (20 minute delay) ? |
| CBA (ASX) Chart |