Aussie bank stocks have been on a downward trend for more than a year with further sharply declines recently. At current levels some income investors may want to take a look. All 4 that trade on the US markets (exchange and OTC) have dividend yields of over 6%.
1.Company: Westpac Banking Corp (WBK)
Current Dividend Yield: 6.71%
2.Company: Australia and New Zealand Banking Group Ltd (ANZBY)
Current Dividend Yield: 8.7%
3.Company: National Australia Bank Ltd (NABZY)
Current Dividend Yield: 7.42%
4.Company:Commonwealth Bank of Australia (CMWAY)
Current Dividend Yield: 6.43%
Owning WBK and NABZY for a few years with juicy dividends each year. Fall in share price does not worry since I own for the income.
Has anyone been looking at these banks lately?
Disclaimer: Consult your financial professional before making any investment decision.