VAS – Vanguard Australian Shares Index ETF

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Without looking at it in massive detail a few things that stood out in the last quarter which would affect the VAS payout:

-BHP cut it’s dividend dramatically

-RIO cut it’s dividend by a fair chunk as well

-CBA’s dividend was paid 31 March rather than in April this year (so VAS paid this out in the previous quarter)

There’s probably a few others. When an index is skewed towards a few big companies the payouts can be pretty volatile.



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