ANZ says balance sheet strong enough to pay dividend

Paul McBeth
Wed, 19 Aug 2020

Australia and New Zealand Banking Group will pay a dividend next month after strengthening its capital position through the June quarter. Investors have been closely watching Australia’s ‘four pillars’ to see whether they’ll pay dividends through the coronavirus crisis after they ramped up their expectations for bad loans. ANZ put off declaring a dividend when reporting its first-half profit in April, but today said the lender’s capital position is strong enough to make a return to shareholders. The bank will pay 25 Australian cents pe...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.