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Is the CBA share price a buy for its 4.5% dividend yield?

Is the CBA share price a buy for its 4.5% dividend yield?

The Commonwealth Bank of Australia (ASX: CBA) dividend yield has seen a significant jump after the CBA share price declined significantly following its FY26 third-quarter update and the Australian Federal budget.

As the above chart shows, at the time of writing, it’s down more than 10% since 7 May. As a result, the dividend yield has also been boosted by more than 10%.

Let’s take a look at what has happened to the potential CBA dividend yield.  

Bank building with the word bank in gold.

Image source: Getty Images

Forecast CBA dividend yield for FY26

The ASX bank share has provided investors with steady dividend growth since the negative effects of COVID-19 in 2020.

Experts expect the business to increase its annual dividend per share in FY26.

CMC Invest suggests the bank…

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