I've added a few thousand shares to the portfolio at under $24, it does seem very cheap given the yield, plus the franking credits will be very handy!!
If you go back to some old history, back between 2003-2006, NAB paid a yearly dividend of mid 160c/a, yet spent a lot of that time with a share price up to 50% higher than now, plus it was only partially franked (90% in 2006).
Even in 2009 at the depth of the GFC the dividend was only 'cut' to 144c/a (about 15%). IMHO even if the dividend was cut 33% from present, it is still a bargain, and I doubt that will happen.
12% yield with franking credits!, page-4
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Last
$40.07 |
Change
0.560(1.42%) |
Mkt cap ! $121.6B | |||
| Open | High | Low | Value | Volume |
| $39.75 | $40.07 | $39.70 | $221.4M | 5.596M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 594 | $40.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.07 | 3997 | 5 |
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| NAB (ASX) Chart |
