Given the big hit all long holders have suffered since the result announcement, I took a bit of a look at the dividends dating back to 04/03/21. Thats as far back as my online broker mobile app goes. Dates are ex date and dividends are in AUD. 04/03/21-$1.34, 02/09/21-$1.58, 07/03/22-$1.42(+5.97%), 06/09/22-$1.75(+10.75%), 09/03/23-$1.63(+14.08%), 11/09/23-$2.00(+14.28%), 11/03/24-$1.79(+10.49%), 09/09/24-$2.17(+8.5%), 10/03/25-$2.07(+15.64%), 09/09/25-$2.45(+12.9%). Yes, the dividends are coming off a low base and the lack of franking will always be an issue. Given their payout ratio is not high there is no reason why the trend should not continue into the future. Given the share price shocker and rising dividends, at some point they will become a value stock. Hold the course!
CSL Price at posting:
$201.72 Sentiment: Hold Disclosure: Held
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