Everything you need to know about the ANZ dividend

Here's how much passive income ANZ shareholders can bank on this year.

| More on:
View of a business man's hand passing a $100 note to another with a bank in the background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The ANZ Group Holdings Ltd (ASX: ANZ) share price has had a mixed reaction today after the company released its FY24 result.

Shares in the ASX bank share are trading at $31.97, up 0.8% at the time of writing after being down 1% in early trading.

The ANZ dividend may be one of the most important figures for shareholders to digest today.

As you can see in the chart above, it's been a good year to own ANZ shares. The bank share reported that during its 2024 financial year, it delivered a total shareholder return of 27%. That measure includes both the ANZ share price movement and the dividends.

Despite the strong performance of ANZ shares, the actual financials didn't appear thrilling, with statutory net profit after tax (NPAT) falling by 8% to $6.5 billion.

However, the bank generated strong enough cash earnings per share (EPS) to pay ongoing rewarding dividends.

ANZ dividend

The bank's board decides how much dividend to pay based on profit generation, capital reserves, and franking credit balance.

For FY24, ANZ's board declared a final FY24 dividend of 83 cents per share, partially franked at 70%. This brought the full-year dividend to $1.66 per share.

Last year, for FY23, the bank paid a final dividend per share of 94 cents per share, comprising an 81 cents per share dividend partially franked at 65% and an additional one-off unfranked dividend of 13 cents per share to make up for the partially franked nature of the dividend.

So, FY24's final dividend is 12% lower than last year's, and the full-year dividend is down approximately 5%. If we ignore that 13 cents per share top-up from last year, the full-year dividend is up 2.5%.

The ASX bank share said its dividend payout ratio is approximately 74% of its cash net profit after tax.

When will this passive income be paid?

Shareholders will not need to wait long before receiving their dividend payment.

The first date to investors need to know is the ex-dividend date. This is the day that new investors will miss out on receiving the upcoming ANZ dividend if they don't already own shares. Investors need to own ANZ shares before the ex-dividend date to be entitled to the payment.

ANZ announced today that Wednesday, 13 November will be the ex-dividend date for its FY24 final dividend. That means investors have until the end of trading on Tuesday next week to own shares.

The payment date for the upcoming payout is 20 December 2024, which is six weeks away.

If investors want to participate in the dividend reinvestment plan and receive new ANZ shares instead of a cash dividend as their payment, the election date deadline is 15 November at 5pm.

ANZ share price snapshot

Since the start of 2024, the ANZ share price has risen 23%.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Bank Shares

Happy couple at Bank ATM machine.
Earnings Results

ANZ shares on watch after cash profit dives 9% to $6.7b

How did the big four bank perform during the 12 months compared to expectations?

Read more »

A woman wearing a yellow shirt smiles as she checks her phone.
Bank Shares

CBA shares: What to watch out for in next week's update

We discuss what to look out for in CBA's earnings next week...

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Bank Shares

Everything you need to know about the NAB dividend

NAB will soon be sending its next payout to investors.

Read more »

A man looking at his laptop and thinking.
Bank Shares

Why is the Bendigo Bank share price tanking today?

There are a few things that could be driving this bank lower today.

Read more »

A woman looks questioning as she puts a coin into a piggy bank.
Bank Shares

Why is the Westpac share price sinking today?

What's going on with the shares of Australia's oldest bank on Thursday? Let's find out.

Read more »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Earnings Results

NAB shares tumble 3% after FY24 result disappoints investors

The market isn't liking the big four bank's result today.

Read more »

A man looking at his laptop and thinking.
Earnings Results

NAB share price on watch after FY24 profits sink to $7.1b

How did the big four bank perform during the year?

Read more »

A woman wearing yellow smiles and drinks coffee while on laptop.
Bank Shares

Buying CBA shares? Here's why the bank is entering the advertising business

CBA’s media network will be a first for any Australian bank.

Read more »