Sydney Opera House The Australian Stock Market Index,”ALL ORDINARIES INDEX” has crashed in the past few weeks in-line with other markets of the world. Year-to-date “Bank of New York Mellon Australia ADR Index”, which tracks the Australian ADRs listed in the US, is down 54.94%. 1-Year Chart of Australian All Ordinaries Index On the currency …
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A review about 3 Australian bank stocks that pay great dividends and have above average dividend growth rates.In the current market conditions nobody knows exactly where financials and in general the markets are heading. A simple and effective strategy now maybe to nibble a few foreign stocks that pay high dividends. One group that fits …
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St. George Bank Ltd. (STGKY) of Australia agreed to the takeover proposal of Westpac Banking Corp.(WBK) today.This is the biggest banking takeover in Australia. St.George is the fifth largest bank in Australia. Its ADR trades in the OTC market with ticker STGKY. Today the stock closed at $50.30. Westpac is paying US $ 14.4B for …
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Australia & New Zealand Banking Group Ltd (ANZBY) split its ADR stock in the ratio of 5:1 effective July 24, 2008. Currently ANZBY trades on the OTC market for about $14.05 a share. At these levels it has an attractive dividend yield of 8.35%. The PE ratio is 8.14 and there are nearly 2 billion …
Australia offers many investment opportunities as it is strategically located near the growing economies of Asia such as China,Indonesia,Malaysia,etc. Like Canada, Australia is a commodity based economy since the country is blessed with many natural resources. The following is a list of Australian ADR stocks: [TABLE=24] Important Notes: 1.Stocks trading under $1 or highly speculative …