Bloomberg: BHP offers a dividend return twice as high as Australia's one-year bond yield, underpinning the strongest rally in stocks in seven months - as the...
Livewire
Bloomberg: BHP offers a dividend return twice as high as Australia's one-year bond yield, underpinning the strongest rally in stocks in seven months - as the nation's sovereign debt slumps to the world's biggest loss. Bonds due in 10 years fell 0.3 percent, the most among 144 debt indexes. BHP, the world's largest mining company, has a 5.05 percent dividend yield, while the 2014 yield is 2.42 percent. The S&P/ASX 200 will rise almost 5 percent in the coming year as 10-year bonds fall 1.6 percent by Dec. 31, separate polls of analysts show. You will continue to see companies increasing dividends and now earnings are picking up so you get that double benefit, said Keith Poore, the head of investment strategy at AMP Capital Investors Ltd. in Wellington, which manages about $131 billion. We are still favouring equities over bonds. more here: (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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