Australia and New Zealand Banking Group Ltd (ASX: ANZ) shareholders should check their bank accounts today. The banking giant has paid out its biggest interim dividend since COVID-19.
In case you weren't aware, ANZ is rewarding investors with a fully franked dividend of 72 cents per share.
At Thursday's market close, the ANZ share price finished 2.65% lower at $22.03.
For context, the S&P/ASX 200 Index (ASX: XJO) also tumbled yesterday, down 1.97% to 6,568.1 points.
Let's take a look at all the details regarding the ANZ dividend.
ANZ's latest dividend leaves the vault
In May, the big four bank reported growth across key metrics in its half-year results for the 2022 financial year.
In summary, cash earnings from continuing operations rose 4% to $3,113 million over the prior corresponding period. This was driven by the strong performance of its Australia retail and commercial segment and its New Zealand segment.
Evidently, this offset the bank's weakened margins from its institutional segment, which recorded a 23% decline in cash earnings to $730 million.
Management noted that the economic environment is likely to be very different as it continues to adjust its risk appetite.
Nonetheless, the board elected to increase its interim dividend by 2.9% from the 70 cents per share in H1 FY21.
Based on today's price, the current ANZ dividend yield is 6.42%.
ANZ share price snapshot
Over the past 12 months, the ANZ share price has fallen by roughly 21%. It is also down 20% over the past 12 months.
Notably, its shares hit a 52-week low of $20.95 on 17 June before quickly rebounding in the days after.
ANZ has a price-to-earnings (P/E) ratio of 9.98 and a market capitalisation of roughly $63.23 billion.
