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
$188.02 |
Change
3.670(1.99%) |
Mkt cap ! $314.2B | |||
| Open | High | Low | Value | Volume |
| $185.19 | $188.36 | $184.95 | $266.3M | 1.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 275 | $188.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $188.05 | 21 | 2 |
View Market Depth
| Last trade - 15.32pm 24/06/2025 (20 minute delay) ? |
| CBA (ASX) Chart |