Hi All,
At the share price of $30.63, Westpac shares currently have a grossed-up dividend yield of 8.7%. This is very high when compared to term deposit rates of about 2.3%. So why is the Westpac share price & that of the other banks falling?
Is it the Royal Commission, worries about the housing market or worries about the US bond market & increased funding costs?
Cheers.
Why is Westpac share price falling?
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Last
$25.74 |
Change
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| Open | High | Low | Value | Volume |
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| Last trade - 14.30pm 26/04/2024 (20 minute delay) ? |
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Last
$25.71 |
Change
-0.455 ( 1.97 %) |
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| Last updated 14.49pm 26/04/2024 ? | |||||
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