Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
APA's share price has continued to rise reducing its dividend to around 5% which is less than a lot of bank accounts at present. I know you exited the stock a while ago in the Growth Portfolio. Are you thinking it's time to reduce your holding in the Income Portfolio & allocate the funds elsewhere? Thank you
Hi Ian,
Short answer is yes Ian – they’ve had a very good run and are now less compelling with a dividend forecast to be 5.1% part franked over the next 12-months but note this is forecast to grow steadily towards 5.5% over the next 5-years – as you say close to current bank rates at present.
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