{"id":51970,"date":"2006-07-11T12:27:49","date_gmt":"2006-07-11T02:27:49","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2006\/07\/11\/australian-banks-increasingly-a-case-of-dividends\/"},"modified":"2006-07-11T12:27:49","modified_gmt":"2006-07-11T02:27:49","slug":"australian-banks-increasingly-a-case-of-dividends","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2006\/07\/11\/australian-banks-increasingly-a-case-of-dividends\/","title":{"rendered":"Australian Banks: Increasingly A Case Of Dividends"},"content":{"rendered":"

By Rudi Filapek-Vandyck<\/p>\n

I was going through the numbers on the banking sector this morning. Banking stocks are always subject to debate: time to bulk up or go underweight? This is partly due to the fact that the finance sector accounts for some 40% of the top end of the Australian market.<\/p>\n

As can be seen from the table below, a clear majority of the banks\u00a0are now trading close to their average twelve months targets, meaning share price appreciation from here on is expected to be minimal, with a few exceptions, and returns will have to come from dividend pay outs.<\/p>\n

\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nBuys<\/td>\nHolds<\/td>\nSells<\/td>\nSentiment Indicator<\/td>\nAverage Price Target<\/td>\nProjected Return ex-div<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
NAB<\/td>\n3<\/td>\n6<\/td>\n1<\/td>\n0.2<\/td>\n$38.10<\/td>\n5.10%<\/td>\n<\/td>\n<\/tr>\n
ANZ<\/td>\n2<\/td>\n8<\/td>\n0<\/td>\n0.2<\/td>\n$28.29<\/td>\n5.40%<\/td>\n<\/td>\n<\/tr>\n
WBC<\/td>\n3<\/td>\n7<\/td>\n0<\/td>\n0.3<\/td>\n$25.07<\/td>\n9.40%<\/td>\n<\/td>\n<\/tr>\n
CBA<\/td>\n3<\/td>\n4<\/td>\n3<\/td>\n0.1<\/td>\n$43.74<\/td>\n-4.00%<\/td>\n<\/td>\n<\/tr>\n
SGB<\/td>\n3<\/td>\n7<\/td>\n0<\/td>\n0.2<\/td>\n$30.47<\/td>\n2.30%<\/td>\n<\/td>\n<\/tr>\n
BEN<\/td>\n1<\/td>\n4<\/td>\n5<\/td>\n-0.3<\/td>\n$12.50<\/td>\n-5.40%<\/td>\n<\/td>\n<\/tr>\n
ADB<\/td>\n2<\/td>\n6<\/td>\n2<\/td>\n0<\/td>\n$12.95<\/td>\n-2.30%<\/td>\n<\/td>\n<\/tr>\n
BOQ<\/td>\n2<\/td>\n4<\/td>\n4<\/td>\n-0.1<\/td>\n$14.67<\/td>\n-0.50%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
MBL<\/td>\n7<\/td>\n2<\/td>\n0<\/td>\n0.8<\/td>\n$85.61<\/td>\n25.90%<\/td>\n<\/td>\n<\/tr>\n
BNB<\/td>\n4<\/td>\n2<\/td>\n0<\/td>\n0.7<\/td>\n$24.13<\/td>\n13.10%<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

A short survey of FN Arena’s data shows most banks are now trading close to twelve month targets.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/51970"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=51970"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/51970\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=51970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=51970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=51970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}