Per share isn’t a good measure. You can split the same company into a hundred shares, a thousand shares, or a million shares. Cutting the pizza into more pieces doesn’t change the size of the pizza.
I don’t have a good alternative but maybe % of value?
About $1AUD per share for ANZ and Westpac for their upcoming dividend.
Obviously the RoI is more complicated. But a S&P 500 index ETF is about a 12th of that per share.
Per share isn’t a good measure. You can split the same company into a hundred shares, a thousand shares, or a million shares. Cutting the pizza into more pieces doesn’t change the size of the pizza.
I don’t have a good alternative but maybe % of value?
Yeah, that was the convenient metric I could put my hands on and bother typing out in mobile.
S&P 500 ETF gross dividend yield 0.71%
ANZ 5.22%
Westpac 4.41%
So the banks are considerably more profitable than the entire S&P 500.