At the time of writing, the CBA share price is $97.46. Let’s take a look at the latest news of the bank’s verge towards digital currencies. CBA shareholders rejoice – the bank has purchased a minority stake in Gemini through the platform’s first capital raising.
Is CBA's stock overpriced?
CBA's high annual dividend of $4.30 a share is undoubtedly one of the bank's biggest stock draw cards. But many of the major brokers now think the stock is overpriced, even considering its high yield and recent profit results (better than expected).
How much will CBA pay in dividends?
There are also estimates for the dividends that CBA may pay shareholders. In FY21 it could pay an annual dividend of $2.75 per share, equating to a grossed-up dividend yield of 4.6% at the current share price. In FY23 it’s projected to pay a dividend of $3.23 per share, equating to a grossed-up dividend yield of 5.4%.
