http://www.crikey.com.au/2008/07/29/bank-shares-dive-again-as-wayne-swan-talks-rubbish/ now with extra source Mon, 23 Nov 2009 22:10:38 +1100 http://wordpress.org/?v=2.8.6 hourly 1 http://www.crikey.com.au/2008/07/29/bank-shares-dive-again-as-wayne-swan-talks-rubbish/#comment-10596 Edward Green Thu, 01 Jan 1970 10:00:00 +0000 #comment-10596 Stephen Mayne writes he: "spent $3000 buying ANZ shares at $15.50 this morning, equivalent to a dividend yield of more than 12%." ANZ closed at $15.53 today, and, long term, Stephen may well have made a good buy. I am considering buying ANZ and NAB myself. However, someone needs to explain to Stephen the difference between Earnings Yield (13.7% at today's close) and Dividend Yield (8.8% at today's close. Perhaps he was grossing up and allowing for imputation credits? No, even that wouldn't add up. Stephen Mayne writes he: “spent $3000 buying ANZ shares at $15.50 this morning, equivalent to a dividend yield of more than 12%.” ANZ closed at $15.53 today, and, long term, Stephen may well have made a good buy. I am considering buying ANZ and NAB myself. However, someone needs to explain to Stephen the difference between Earnings Yield (13.7% at today’s close) and Dividend Yield (8.8% at today’s close. Perhaps he was grossing up and allowing for imputation credits? No, even that wouldn’t add up.

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