Citigroup is upbeat on ASX Ltd's response to competitive threats, and expects the bourse to post a strong dividend for the first half.

"With our strategists’ relatively bullish on market returns for calendar 2013, we see reasonable cause for optimism that retail money will flow back into equity markets and funds, potentially lifting cash market velocity out of its current slump. We also expect ASX’s attractive dividend yield to further appeal to investors in the current low interest rate environment,” the broker noted in a report.

The broker is expecting ASX to pay out a dividend of 86.6 cents per share for the first half of 2013. This combined with its forecast for the second half should ensure the stock is well supported in the current environment.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles