Connect with us


3 reasons why the Coles share price could be a buy



The Coles Group Ltd (ASX: COL) share price looks very compelling right now for a number of reasons.

Coles is the one of the biggest supermarket businesses in Australia along with Woolworths Group Ltd (ASX: WOW).

Why is the Coles share price a good one to think about?

Dividend yield

The supermarket industry is not a high-growth area. So, the dividend forms an important part of the returns.

Coles pays out an attractive amount of its profit each year as a dividend to investors.

At the current Coles share price, it offers a grossed-up dividend yield of 5.25%.

That dividend yield is after a solid increase to the FY21 half year dividend of 10% to 33 cents per share. That compares to the earnings per share (EPS) of 42 cents. Coles has an…

Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
Sydney supermarket added to list of places visited by community transmission case – Sydney Morning Herald
Article feature image
No new cases of coronavirus in NSW for second day in a row – 9News