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

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Bank Shares

Should I dump my holding in CBA shares and buy an ASX S&P 500 tracker instead?

Deciding between CBA and an S&P 500 tracker is a no-brainer for me.

Read more »

Businessman smiles with arms outstretched after receiving good news.
Bank Shares

CBA and Klarna: What a $1.8 billion IPO windfall could mean for shareholders

The bank's ongoing rise continues to defy the bearish crowd.

Read more »

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

$10,000 invested in Westpac shares 12 months ago is now

Would you be smiling now if you invested in the big four bank a year ago? Let's see.

Read more »

a woman wearing the black and yellow corporate colours of a leading bank gazes out the window in thought as she holds a tablet in her hands.
Bank Shares

These 3 headwinds make CBA shares a sell: expert

This leading expert believes now is a good time to take profit on CBA shares. Let’s find out why.

Read more »

Happy young woman saving money in a piggy bank.
Bank Shares

Are ANZ shares still in the buy zone near 6-month highs

Bank stocks have rallied hard in 2024.

Read more »

Bank building in a financial district.
Bank Shares

Is this the $350 million reason the Big Four bank shares are falling today?

It’s another challenging day for banks.

Read more »

Young professional person providing advise to older couple.
Bank Shares

NAB shares sink on ASIC legal action

The banking giant failed 345 of its most vulnerable customers.

Read more »

Nervous customer in discussions at a bank.
Bank Shares

Is the NAB share price actually expensive?

Should investors be looking at NAB stock as a bargain?

Read more »