Westpac doesn’t report and pay its next dividend until May but it is due to give the market a quarterly update tomorrow. Yesterday the stock advanced +2.5%, not too far behind CBA and within striking distance of its all-time high. It’s the 2nd best performing ASX bank over the last year helped by its forecast 4% fully franked yield, although this is obviously shrinking as the share price rises.
- We are continuing to target new highs up around $43 for WBC over the coming months, or 6-8% higher – MM holds WBC in its Active Growth Portfolio.
MM remains long and bullish WBC
Add To Hit List
