ANZ Group Holdings Ltd (ASX: ANZ) shares may be one of the most popular dividend options because of the company’s perceived stability and dividend yield.
The ASX bank share typically has a higher dividend yield than competitors like Commonwealth Bank of Australia (ASX: CBA) and Macquarie Group Ltd (ASX: MQG), and a similar yield to names like National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC).
Thankfully, ANZ’s dividend has recovered significantly since the COVID-hit year of 2020.
The recent FY26 half-year result was another example of the ASX bank’s share stability for shareholders.
In that HY26 result, ANZ maintained its interim dividend per share at 83 cents following the bank’s underlying cash profit before provision growth of 12%, while the underlying cash profit grew 14%.
In this article, we’re going to look at the annual FY27 dividend, which will be paid in 2027.
2027 dividend projection for owners of ANZ shares
According to the projection on CMC Invest, the ASX bank share is projected to pay an annual dividend per share of $1.70 in the 2027 financial year.
At the time of writing, this forecast translates into a dividend yield of 4.75% excluding franking credits and a grossed-up dividend yield of approximately 6.3% including franking credits.
If someone were to invest $8,000 in ANZ, they would be able to buy 224 ANZ shares (with a little bit of money left over).
With those 224 ANZ shares, investors could receive $380.80 of cash and some franking credits, the level of franking credits are not known at this stage because the ASX bank share is only paying partially franked dividends.
Is this a good time to invest in the ASX bank share?
According to CMC Invest, there have been 10 analyst ratings calls on the business in the last three months.
Of those 10, four of them were a buy, five were a hold and one was a sell. So, the investment professionals are, on average, neutral on the appeal of the company’s valuation right now.
The average price target of those 10 ratings is $35.14. That means, collectively, those analysts are predicting the ANZ share price will (at the time of writing) hardly move over the next year.
In the last 12 months, the ANZ share price has been above $40 and below $30, so it’s probably about fair it’s roughly in the middle now.
For now, there seem to be more compelling ASX shares out there to buy.
The post If I invest $8,000 in ANZ shares, how much passive income will I receive in 2027? appeared first on The Motley Fool Australia.
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More reading
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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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.