ANZ Group Holdings Ltd shares have long been a popular dividend pick.
Let's take a look at what is projected of the ASX bank share and what that could mean for receiving $9,000 of annual passive income.
If franking credits are included, an investor would need only 4,104 ANZ shares to generate $9,000 in annual grossed-up dividend income.
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ANZ Group Holdings Ltd shares have long been a popular dividend pick.
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The article, shortened and in plain language
ANZ Group Holdings Ltd shares have long been a popular dividend pick. As one of the ASX bank shares, the company benefits from scale and can deliver a strong dividend yield, supporting high passive income.
Banks usually trade on a relatively low price/earnings ratio and have relatively high dividend payout ratios compared to other sectors, which is why they can deliver a solid dividend.
Let's take a look at what is projected of the ASX bank share and what that could mean for receiving $9,000 of annual passive income.
ANZ has been consistent with its half-year dividend – ever since mid-2024 it has paid 83 cents per share every six months.
According to the projection on Commsec, the ASX bank share is projected to pay an annual dividend per share of $1.66 in FY26, the same as FY25 and FY24.
If franking credits are included, an investor would need only 4,104 ANZ shares to generate $9,000 in annual grossed-up dividend income.
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The Motley Fool AustraliaHow many ANZ shares do I need to buy for $9,000 of passive income?plain
The Motley Fool AustraliaHow to build a $50,000 passive income from ASX sharesplain
The Motley Fool AustraliaHow much is needed in superannuation to target a $95,000 annual passive income?plain
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