We wrote about creating another ANZ dividend 10 days ago and here is the update. With ANZ weakening after going ex-dividend, we bought back our call options yesterday afternoon to make $1/share for our clients holding ANZ - which is in addition to the 91c dividend that they will receive. Our original article from the AFR Smart Investor explaining how the strategy works - (VIEW LINK) It's a strategy that investors with blue chip shares can put to good use.
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James Marlay
Nice work Michael, solid call.