Australian Bank Stocks Take Hits from Bad Debt - Dividend Yields Up

Australian banks are not immune from the global credit crisis brought about by risky real estate lending practices. Significant loan losses and deteriorating balance sheets have sent four large Australian bank stock prices to the price downside, pushing up dividend yields.

Put these stocks on your watch list. They are candidates for a dividend-oriented portfolio.

Big Four Australian Banks
Company and Web Site	Quote	Dividend (Yield)
Australia & New Zealand Banking Group	ANZ.AX	$1.24 (7.58%)
Commonwealth Bank of Australia	CBA.AX	$2.20 (5.53%)
National Australia Bank	NAB.AX	$1.82 (7.37%)
Westpac Banking	WBK or WBC.AX	$1.33 (6.13%)
Note: Dividend data are in Australian dollars and taken from www.reuters.com.

Related Articles:

Diverse Portfolio of Australian Stocks
Diverse Portfolio of New Zealand Stocks
buyupside.com Global Stock Portfolio

Posted July 31, 2008.