Bendigo and Adelaide Bank Ltd (ASX: BEN) Share Price and News
Introduction to Bendigo and Adelaide Bank (ASX:BEN)
Bendigo and Adelaide Bank is a banking and financial institution on the ASX. The company is headquartered in Bendigo, Victoria, this financial powerhouse serves over 2.4 million customers and employs around 7,000 staff.
Bendigo and Adelaide Bank Company History
Bendigo and Adelaide Bank, is a merger product of Bendigo Bank and Adelaide Bank in 2007. The former began in 1858 in response to the Bendigo goldrush to serve migrants who moved there to prospect for gold. The latter was founded in 1877 as the Hindmarsh Building Society.
The pair merged in 2007 in a deal worth over $4bn. The idea was that the two would be better together with Adelaide Bank a specialist wholesale finance provider and Bendigo a pre-eminent retail bank in regional areas such as Bendigo.
Future Outlook of Bendigo and Adelaide Bank Ltd (ASX: BEN)
Bendigo faces a mixed future. It is ahead of its peers in many respects including its reputation and its digital home loan platform (Tiimely). On the other hand, it faces significant competition from the Big Four and non-financial lenders.
Is Bendigo and Adelaide Bank a Good Stock to Buy?
Investing in Bendigo and Adelaide Bank could be a smart move for those eyeing long-term stability and solid dividend returns. The bank's fully franked 6.7% yield is a boon for income-focused investors, particularly retirees. As a growth stock, it might not be as compelling given significant competition in the sector.
Our Stock Analysis
How to tell which stocks to buy? Here are the 6 most important ways
How to tell which stocks to buy? Investing in markets such as the ASX can be an exciting and profitable venture,…
Income Investing: It’s a good strategy but here are 4 factors you should consider
Income investing in relation to stocks involves generating returns from stocks via dividends, rather than share price appreciation. Dividends are…
Serko (ASX:SKO): This dark horse amongst ASX travel stocks has big aspirations over the next 5 years
At first glance, Serko (ASX:SKO) may appear to be just another travel agency stock with its only differentiating traits being…
Myer is merging with Apparel Brands! Here’s what the ASX’s worst kept secret of FY25 means for investors
The ASX’s worst secret is out – Myer is merging with Apparel Brands (some of the brands owned by Solomon…
What will happen to Rex shareholders? Will they get any money back?
Since the end of July, Rex shareholders have been unable to buy and sell shares, owing to their company being…
Here are 5 Dividend Aristocrat stocks: Companies that have increased dividends for over 50 years consecutively!
Have you ever heard of a so-called Dividend Aristocrat? This term alludes to a company in the S&P 500 that…
Frequently Asked Questions
Bendigo and Adelaide Bank is renowned for its customer-centric approach and strong community engagement. It stands out in the Australian banking sector for its mutual structure, ensuring profits benefit both the bank and its communities.