Yes, pays a 9.7% yield dividend but it's SP is down 25.7% in the last year. You put your money in the bank and at least you can ensure the capital is maintained. That's why it's called the risk-free rate. I know which one I'd prefer heading into a recession.
FYI, I have a deposit account with UBank that pays a 5% return on an "at-call balance".
Staying ahead of the retiree Income LIC shakeout, page-27
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Last
$1.60 |
Change
0.000(0.00%) |
Mkt cap ! $1.781B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.61 | $1.60 | $1.576M | 985.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25837 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 40334 | 2 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| WAM (ASX) Chart |