Finance

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...

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