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All Ordinaries Rises, CBA (ASX:CBA) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.31% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.31% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is down 1.35% at lunch after reporting its half year result. One of the main positives from the result was that the interim dividend was maintained at $2 per share.

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The Nick Scali Limited (ASX: NCK) share price is currently 8% in response to the furniture company’s interim profit result. Management decided to increase the dividend by more than 50% to try to provide superior returns this year.

Shares of Insurance Australia Group Ltd (ASX: IAG) are up 4.8% despite revealing a large decline in profit due to storm damage from the Sydney storm a few months ago.

Viva Energy Group Ltd (ASX: VEA) shares are up 13.5% and Coles Group Limited (ASX: COL) shares are down nearly 2% in response to the two businesses announcing a new deal for their service station arrangements.

The BWP Trust (ASX: BWP) share price is down almost 1% after the real estate investment trust (REIT) announced a slight increase to its distribution.

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$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

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