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.



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