I can't agree with you there Boffin -
Based on current price WOW is yielding approx 4% fully franked for FY 2009 (representing a grossed up yield of 5.71%).
The Big Four are forecasting divi yields of 9-11% (which is more to do with the recent capital raisings and share price floggings they have received than anything).
How long do you think before the first one of the Big Four slashes a dividend? I'd bet my last dollar that one of the banks do it before WOW does.
It is all relative really - if you had of bought into the banks 6 or 12 months ago the yields would not be double figures that is for sure.
I will keep my WOW and my capital and take the 4% yield, and you can have the banks which have lost 50% of their capital over the past 12 months but are 'promising' to pay you a yield of 10%.
I can't agree with you there Boffin -Based on current price WOW...
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Last
$34.78 |
Change
0.480(1.40%) |
Mkt cap ! $42.48B | |||
| Open | High | Low | Value | Volume |
| $34.56 | $34.83 | $34.44 | $94.78M | 2.747M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99 | $34.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.80 | 626 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| WOW (ASX) Chart |