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

Have ANZ dividends helped investors to break even over the last five years?

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Key points

  • The ANZ share price has fallen 22.4% over the last five years to trade at $22.71
  • In that time, the bank has offered shareholders $6.74 in (mostly) fully-franked dividends 
  • That means long-term investors have just broken even in that time

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:

ANZ DividendAmount offeredFranking
November 2017$0.80100%
May 2018$0.80100%
November 2018$0.80100%
May 2019$0.80100%
November 2019$0.8070%
August 2020$0.25100%
November 2020$0.35100%
May 2021$0.70100%
November 2021$0.72100%
May 2022$0.72100%

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.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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