We wrote about creating another ANZ dividend 10 days ago and here is the update

Michael Gable
Michael Gable Fairmont Equities

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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Medium screen shot 2016 01 12 at 2.25.34 pm

James Marlay

Nice work Michael, solid call.

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