It's good for some easy money and if you like to trade medium-term. All 4 banks & bhp/rio are good for that sort of thing. It would suck if you are a buy and hold investor, just spinning your wheels, but the divs are still pretty good if that's all you're after. Can't complain with 6.4% grossed up to over 9%
As for the time frame with the GS analysts, I assume 12 months or by the next dividend in November. It's not hard to imagine WBC reaching the $24s again within a year. I like to trade so I would be offloading it near mid-$20s and not waiting for it to go back down to low 20s. However the 3 divs in 13 months adds up to over 13% grossed up yield
WBC Price at posting:
$21.63 Sentiment: None Disclosure: Held
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