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clock Created with Sketch. 17/12/24
16:33
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Originally posted by Joffrey:
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I would love to know who is buying and locking in this 2.9% dividend yield. People talk about capital gains, but the gains are made for initial investors only. People who bought today have made no gains, and instead will receive a dividend lower than the rate of inflation. Therefore its a net loser in terms of income. Buying a stock with a low dividend yield is not uncommon given expected growth. But there is no growth in CBA's earnings. CBA hasn't improved its EPS over a 10 year period. It's the most mature company in Australia and would struggle to grow beyond that of our GDP - which in itself is on life-support growing 1% per annum.
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I totally agree.
(20min delay)