ALZ is Australand. They are property developers.
At a Freestyler Network meeting in late July, I was told ALZ paid a 3c fully franked quarterly dividend (ex-div 9-Aug) and the stock was around $1.40.
Downside analysis should it become a long term hold:
An annualised 8.57% yield before franking credits.
My overall portfolio is underweight Sydney real estate (I’m bearish on it but I’ve been wrong before).
So stock market exposure to the property market.
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