Plenty of doom and gloom around the markets this morning as the S&P/ASX 200 hovers marginally above the 5000 point level. Many blue chips are offering impressive dividend yields.
ANZ for example has a dividend yield of 7.2% fully franked and a PE ratio of only 9.3. Many will point to whether its dividend is sustainable and the lack of earnings growth to justify the numbers.
Bargain buy or dividend yield trap?
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