The grossed yield is 4.14%. Better rates on return on government bonds. For a company that pays out majority of earnings rather than reinvesting and compounding, its strange reading. CBA hasn't grown its EPS in the past decade, no reason to think the next decade will be anything other than small incremental increases, if any.
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The whole risk/reward profile is broken with the current valuation. Its done its 50% for the year, how much longer can it go? Would anyone not think we are in the buy high sell low phase? Or is a dividend yield o 2.75% appealing.
This bubble just keeps blowing
(20min delay)