Here's when your ASX bank dividends are being paid in December

Here's when Westpac Banking Corp (ASX:WBC) and the rest of the ASX banks are paying their dividends…

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Next month certainly is a big one for dividends, with billions due to be paid out to Australian bank shareholders.

Here's what you should be expecting from your bank in December and then again in FY 2021:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

ANZ shareholders can look forward to the bank paying them a 35 cents per share fully franked dividend on 16 December.

Looking ahead, according to a note out of Morgan Stanley, it is expecting ANZ to pay a 95 cents per share dividend in FY 2021. Based on the current ANZ share price, this represents a 4.2% dividend yield.

Macquarie Group Ltd (ASX: MQG)

This leading investment bank is paying its shareholders a partially franked 135 cents per share dividend on 22 December

After which, analysts at Ord Minnett are forecasting a 385 cents per share dividend over the next 12 months. Based on the latest Macquarie share price, this implies a forward 2.75% dividend yield.

National Australia Bank Ltd (ASX: NAB)

On 10 December NAB will be paying its shareholders a fully franked 30 cents per share dividend.

The bank's dividend is expected to grow to $1.00 per share in FY 2021 according to analysts at Ord Minnett. Based on the current NAB share price, this will mean a fully franked 4.3% yield.

Westpac Banking Corp (ASX: WBC)

Westpac is paying its shareholders a 31 cents per share fully franked dividend on 18 December.

Next year Australia's oldest bank is forecast by Morgan Stanley to pay a fully franked 90 cents per share dividend. With the Westpac share price currently fetching $20.23, this represents a 4.4% dividend yield.

What about CBA?

Wondering where the Commonwealth Bank of Australia (ASX: CBA) dividend is? Australia's largest bank operates on a different financial calendar to the other banks. As a result, it pays its dividends in March and September.

Looking ahead, Ord Minnett is expecting a 270 cents per share dividend in FY 2021. Based on the current CBA share price, this will be a 3.4% dividend yield.

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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