Just above bank interest? Show me a respected bank paying over...

Just above bank interest? Show me a respected bank paying over 7% pa. WES has a yield of around 7.5% including franking credits. Banks well under half that.

Buy the range. Low $40 and hold for the dividend. The difference with WES now is that it has major expansion plans that are now well underway via Bunnings UK. This is the venture that could rerate the stock into the $50+ of earnings become tangible. If they grab a majority market share over in the U.K., then oh Lordy!!! As I've also said before this stock should be a good performer against our government (both parties) never ending and significant immigration policies.

If you want large capital growth then I do agree this is not the stock for you. But as a balanced Australian portfolio it's a must have. Good stockn for retirees as well, not so much quick buck gamblers.

In the meantime I'll enjoy a large dividend with a relatively stable stock price. Better to earn 7.5% via a dividend and or lose capital than have it sit in a bank account at 2.9-3.1%.