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.

Markets FREE
Auckland Airport’s outlook drags down shares
Ella Somers | Thu, 18 Aug 2022

Auckland Airport reported a profit of $191.6 million today and has hopes the next financial year will be more positive than the last two.

Primary Sector
NZ trawling innovation going global
Rebecca Howard | Thu, 18 Aug 2022

Government funding will be used to help commercialise a harvesting system developed through a previous Primary Growth Partnership programme called Precision Seafood Harvesting.

Consent refused for Thiel's luxury lodge
Brent Melville | Thu, 18 Aug 2022

It'll be back to the drawing board for the tech billionaire's NZ team, after their consent application was turned down by hearing commissioners.

In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.