- Blue chips attain their status because they generally show very strong track records of generating return for shareholders.
- More recently, blue chip status has become associated with high dividend yields.
- The Magnificent Seven are the big four banks, Telstra, BHP and Wesfarmers.
They dominate the shareholder lists, and the S&P/ASX 200 Index in terms of weighting. They are the “blue chips” of the Australian market, the strongest, most rock-solid stocks.