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Favourite banks into the reporting season + dividend/reporting plays

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Question asked 06/08/2022

Favourite banks into the reporting season + dividend/reporting plays

Hi, I have a question for Saturday.

What are your favourite banks, and coming into the reporting season, any dividend play suggestions and reporting plays?

Answer

Hi Cameron,

At this stage we don’t see any reason to deviate away from our current portfolio holdings:

Flagship Growth Portfolio: Bank of Queensland (BOQ), Commonwealth Bank (BOQ) and Macquarie Bank (MQG)

Income Portfolio: Bank of Queensland (BOQ) and Commonwealth Bank (BOQ) – not including Hybrids.

In terms of dividends CBA is due to pay its next juicy morsel this month and BOQ in October. Conversely the other 3 members of the “Big 4” don’t pay their next dividends until November providing plenty of room to switch from a time perspective to garner future pay-outs if value opportunities arise – NAB would be our preferred choice at this stage.

By definition, our best Income ideas are shown via our Income Portfolio here

chart

Commonwealth Bank (CBA)

LAST UPDATED 06/08/2022 08:30

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