If you estimate the final dividend to be $2.50 (a 10-cent increase after the interim increased 5 cents) then the annual dividend would be $4.65.
On today's high of $130.94 the yield would be 3.55% & grossed up, 5.07%.
An incentive saver account at St George Bank, as previously mentioned, offers 5.15% at call with no risk of capital loss.
I believe all good things eventually come to an end. The share price has risen $21.00 or 19.1% in 3 months since the April 19 low of $109.94.
The yield is now below the available cash rate which means that it will have to be a further increase in the next interim dividend before it would seem worthwhile holding.
There is a gap in the chart above $128.54 that would be expected to be filled.
CBA Price at posting:
$130.94 Sentiment: Sell Disclosure: Held
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