Sep 03
Australia & New Zealand Banking Group Ltd (ANZBY) split its ADR stock in the ratio of 5:1 effective July 24, 2008.
Currently ANZBY trades on the OTC market for about $14.05 a share. At these levels it has an attractive dividend yield of 8.35%. The PE ratio is 8.14 and there are nearly 2 billion shares outstanding. The stock used to trade on the NYSE for many years. After moving to the OTC markets, it has become difficult to get updated correct information on the stock.But this does not mean the stock is bad. Just that OTC stocks can be challenging to research.
ANZBY competes with other major Aussie banks like Westpac (WBK) and National Australia Bank (NABZY).
Related Posts:
1. Two Recently Split ADRs
More on this topic
(What's this?)
The Fourth Biggest Iron Player in Australia
(Contrarian Profits, 5/27/08)
Investing is Easy - Fusion Fund buys ANZ
(Fusion Investing Musings, 9/22/08)
Fusion Portfolio Buys Westpac
(Fusion Investing Musings, 9/29/08)
Recent Comments