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Cash-poor, house-rich: The retirement dilemma driving reverse mortgages (www.stuff.co.nz)
submitted 4 months ago by to c/newzealand@lemmy.nz
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[–] 4 points 4 months ago* (2 children)

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.

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  • [–] 2 points 4 months ago (1 child)

    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?

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  • [–] 4 points 4 months ago* (last edited 4 months ago)

    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.

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