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.
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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%.
