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Yes - beware the dividend trap, yet we have been at these yields among the bank stocks several times post GFC. Remember also TLS which was abandoned by institutional investors (most notably the Future Fund) and was yielding around 12% grossed up when I bought in a few years ago. It is still grossing 8% including franking credits.


If it is true that overseas fund managers are dumping bank stocks globally, this could be a case of an opportunity for the retail investor. As always, time will tell!


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