Originally Posted by
Beagle
Agreed. I am certain we are headed down to ultra low interest rates for probably the next decade.
Assuming a ~ 2 % increase in the final divvy for FY19 to 8.8 cps, total divvies for the year will be 8.45 + 8.8 = 17.25 cps. They are 80% imputed so this translates to 17.25 / 0.7822 = 22.053 cps gross. At $3.00 that's a gross yield of 7.35% which I think its highly attractive for a gentailier in an ultra low interest rate environment.
They still trade cum the 8.45 cps divvy so I think buying up to an including that inclusive dividend to $3.085 is compelling buying cum dividend.
They go ex divvy next week.