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WBK - Questionable Safety Of Big Dividend Yields On Big 4 Australian Banks
Westpac Banking Corporation
Enticing Dividend Yields on Australia's Big Four
Australia's big four banks are among the most profitable in the world and sport correspondingly attractive dividend yields. They are Australia and New Zealand Banking Group Ltd. (ANZBY) - 6.37%; Commonwealth Bank of Australia (CBAUF) - 5.51%; National Australia Bank Ltd. (NABZY) - 6.68%; and Westpac Banking Corporation (WBK) - 7.05%.
Are these yields safe, and are the banks good investments for capital gains? Some of you might know of the Australian property bubble that has developed, so a natural question is, "is a 2007 US-style housing