The ASX 200 financial shares include banks, insurers, and investment houses and plenty of them pay handsome dividends.
So, let's look ahead and see how much passive income the experts predict these stocks will pay in FY24.
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Which ASX 200 financial share will pay the most in FY24?
For the purposes of this article, we're going to limit our research to ASX 200 large-cap financial shares.
Large-caps are those with market capitalisations above $10 billion. They're some of the market's bigger, more well-established businesses and hence they are able to share more of their profits with investors.
Among the ASX 200 financial shares are 10 large-caps. They are led by Australia's biggest bank Commonwealth Bank of Australia (ASX: CBA), with a market cap of $173 billion.
Here are the ASX dividend consensus forecasts as published on CommSec today.
ASX dividends: What the big financial stocks will pay in FY24
| ASX 200 large-cap financial share | Dividend yield | Forecast |
| Westpac Banking Corp (ASX: WBC) | 6.76% | 144 cents |
| ANZ Group Holdings Ltd (ASX: ANZ) | 6.66% | 162 cents |
| QBE Insurance Group Ltd (ASX: QBE) | 6.54% | 91 cents |
| National Australia Bank Ltd (ASX: NAB) | 5.92% | 168 cents |
| Suncorp Group Ltd (ASX: SUN) | 5.17% | 72 cents |
| Insurance Australia Group Ltd (ASX: IAG) | 4.60% | 27 cents |
| Commonwealth Bank of Australia (ASX: CBA) | 4.32% | 450 cents |
| Macquarie Group Ltd (ASX: MQG) | 3.84% | 645 cents |
| ASX Ltd (ASX: ASX Ltd) | 3.74% | 215 cents |
| Washington H Soul Pattinson and Company Ltd (ASX: SOL) | 2.81% | 94 cents |
Westpac to pay the biggest dividend
Looks like Westpac will be the most generous ASX dividend payer among the large-cap financial shares in FY24.
Broker Ord Minnett has an accumulate rating on Westpac with a 12-month share price target of $28.
