The world's most expensive bankThe World's most expensive bank...

The world's most expensive bank

The World's most expensive bank (CBA) became even more expensive today.
People do crazy things for a $2.50 dividend.

My esteemed friends, would you believe that that the current grossed up CBA dividend based on the original $5.40 IPO price is 123% (I think our property friends call this passing rent or passing yield or something like that)

Anyway, the world's most expensive bank goes ex-div tomorrow, so the price should drop by at least $2.50, probably a lot more since super funds are big holders here. Thats worth 16.5 XJO points according to the IG markets dividend adjustment document