Australia and New Zealand Banking Group trades ex-dividend, yields 5%

Big four bank and S&P/ASX 200 heavyweight Australia and New Zealand Banking Group (ASX: ANZ) trades ex-dividend today.

On October 29th, the company reported an 11% increase in cash profits and a final dividend of 91 cents per share, fully franked, bringing the total dividend for the full year to $1.64, a 13% increase on the prior year.

The 91 cent fully franked dividend will be paid on 16 December 2013 to ANZ shareholders on the register at the close of business on 13 November 2013.

ANZ shares have fallen $1.13 in morning trade to $32.65 (91 cents being the ex-dividend), and trade on a trailing dividend yield of 5.0%. By comparison, fellow big four bank Commonwealth Bank of Australia (ASX: CBA) trade on a trailing dividend yield of 4.6%.

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Bruce Jackson has an interest in ANZ and CBA.

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