Guess how much ANZ shares have paid in dividends over the last 5 years

The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price has disappointed over the last five years.

The ASX bank share has slipped from $29.26 five years ago to trade at $22.71 — a 22.4% reduction in value.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained 21.94% in that time, while the S&P/ASX 200 Financials Index (ASX: XFJ) has slumped 2.48%.

The only big four bank to have put in a worse performance over the last half decade was Westpac Banking Corp (ASX: WBC). The Westpac share price has fallen 31% in five years.

But ASX 200 bank shares are often viewed as strong dividend payers. So, could ANZ's dividends have made up for its share price's weak performance over the last five years? Let's take a look.

How much have ANZ shares paid in dividends since 2017?

Here's a recap of all the dividends ANZ has offered its shareholders over the half decade just been:

All those relatively consistent dividends add up to a total of $6.74.

That means those invested in ANZ shares have just broken even over the last five years, in which the company's share price has slipped $6.55.

Of course, as most of ANZ's dividends in that time were fully franked, some investors might have realised even more benefits from the bank's payouts.

And to end on another positive note, ANZ is currently boasting a 6.35% dividend yield. That's certainly nothing to scoff at.