As a major ASX banking share, Australia and New Zeland Banking Group Ltd (ASX: ANZ) has long had a reputation as one of the top dividend-paying shares on the S&P/ASX 200 Index (ASX: XJO). That more or less comes with the territory of being a member of the big four ASX banks. But as many investors would be unfortunately aware, the ANZ share price hasn’t had the best time of it lately.
ANZ shares remain down by 0.7% year to date, despite today’s modest gain. Over the past 12 months, ANZ is also slightly in the red, having lost 1.14% on current pricing. By contrast, the Commonwealth Bank of Australia (ASX: CBA) share price has recorded a gain of close to 6% in 2022 so far, as well as a 12-month performance of almost 25%.
But ANZ’s laggardly share price performance has helped push the bank’s dividend yield rather high. ANZ is now the highest-yielding ASX big four bank on the ASX 200, beating out CBA as well as National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC).
Top of the ASX banking pile: ANZ dividend yielding north of 5%
So how much is the ANZ dividend worth right now? Let’s take a look.
Well, ANZ has paid out two dividends over the past 12 months, as is normal for most ASX blue-chip shares. Its last payment came in December last year – a final dividend worth 72 cents per share, fully franked. Before that, investors received ANZ’s interim dividend in July last year. That was worth 70 cents per share, also fully franked. That means ANZ has paid out a total of $1.42 in dividends per share over the past year.
At the time of writing, the ANZ share price is going for $27.82, up 0.76% for the day so far. At this share price, those two dividends give this ASX bank a trailing dividend yield of 5.12%. If we include the value of ANZ’s full franking, that grosses up to a healthy 7.31%.
At the current ANZ share price, this ASX 200 banking share has a market capitalisation of $78 billion.
The post What is the current dividend yield on ANZ shares? appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen owns National Australia Bank Limited. 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 recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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