Hoping to secure the next ANZ dividend? Here’s what you need to do

The bank’s shares are about to trade ex-dividend on Monday…
The post Hoping to secure the next ANZ dividend? Here’s what you need to do appeared first on The Motley Fool Australia. –

The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price has been struggling this week.

This comes amid the company releasing its half-year results to the ASX on Wednesday.

On Thursday, ANZ shares closed 1.72% lower at $26.91 apiece. In early trading today, they are down another 0.97% at $26.65. They have now fallen 2.4% since last Friday’s close.

ANZ shares set to go ex-dividend

While the company hasn’t released any other price-sensitive news, investors are selling off ANZ shares.

This is regardless of the company’s shares being set to trade ex-dividend on Monday.

The S&P/ASX 200 Index (ASX: XJO) is also down this week. It’s fallen around 3% since last Friday’s close, including a 2% fall already this morning.

Investors are jittery after heavy falls were recorded on Wall Street last night. Clearly, fears over rampant inflation and the risk of a recession is putting global markets under selling pressure.

Nonetheless, investors need to buy ANZ shares before market close today to be eligible for the interim dividend.

It’s worth noting though that historically when a company reaches its ex-dividend day, its shares tend to fall in proportion to the dividend paid out. This is because investors tend to sell off the company’s shares after securing the dividend.

When will ANZ shareholders be paid?

For those who are eligible for the ANZ dividend, shareholders will receive a dividend payment of 72 cents per share on 1 July. This represents a growth of 2% when compared to the previous corresponding dividend of 70 cents per share.

It’s also worth noting that this is the biggest interim dividend that will be paid by the company since COVID-19.

The dividend is fully franked which means shareholders can expect to receive tax credits from this.

ANZ share price summary

Over the last 12 months, the ANZ share price has fallen by 3.3%. It is also down 2.8% year to date.

The company’s shares reached a 52-week low of $24.65 in March, before accelerating to 2021 levels.

ANZ commands a market capitalisation of roughly $75.89 billion and has a trailing dividend yield of 5.28%.

The post Hoping to secure the next ANZ dividend? Here’s what you need to do appeared first on The Motley Fool Australia.

Should you invest $1,000 in ANZ right now?

Before you consider ANZ, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ANZ wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

Top brokers name 3 ASX shares to buy today
Why ANZ, ARB, Janus Henderson, and Temple & Webster shares are falling
ANZ shares downgraded after cost cutting plan abandoned
5 things to watch on the ASX 200 on Thursday
Everything you need to know about the latest ANZ dividend

Motley Fool contributor Aaron Teboneras 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.

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